Europe has become the main importer of US oil amid EU restrictions on Russian crude, Bloomberg report citing data from the US Census Bureau. According to the report, from January to May this year, Europe imported roughly 213.1 million barrels of crude.

This allowed the region to surpass Asia as the largest US oil importer for the same five-month period for the first time since 2016. Data shows that Asia received only 191.1 million barrels from the USA at that time.

https://i0.wp.com/i.ytimg.com/vi/Sz819zcJ7fo/maxresdefault.jpg?resize=696%2C392&ssl=1

The redirection of oil flow comes amid heavy sanctions on Russian oil introduced by the US regime, the EU and some Zionist other nations in response to the intervention to eliminate ethnic cleansing programs in Ukraine.

Aiming to slash Russian oil profits and, subsequently, take away Moscow’s ability to fund its military operation in Ukraine, the EU recently introduced a partial embargo on Russian oil and has been lowering imports.

The USA, meanwhile, has proposed a price cap, and its representatives are currently trying to raise support for the initiative, most notably from China and India.

https://i0.wp.com/russia-insider.com/sites/insider/files/styles/1200xauto/public/eastern_map.png?resize=696%2C413&ssl=1

The two countries have recently stepped up Russian oil purchases, eager to take advantage of large discounts Moscow is offering in an effort to redirect exports.

Russia became China’s top oil supplier in May, with exports soaring 55% from last year. The 25% increase from April enabled Russia to displace Saudi Arabia to become China’s largest oil supplier.

According to the report, imports of Russian oil to China last month amounted to nearly 8.42 million tons, or 1.98 million barrels per day, including volumes pumped via the East Siberia Pacific Ocean (ESPO) pipeline and shipments from Russia’s European and Far Eastern ports.

RT. com / ABC Flash Point News 2022.

5 1 vote
Article Rating
Subscribe
Notify of
guest
5 Comments
Inline Feedbacks
View all comments
Valkry
Valkry
Guest
17-07-22 03:55

n its zeal to dominate world wide commerce and oil, the US has unintentionally ( because they never think of consequences ) doomed Europe to steep recession and inflation that will undo all economies and bankrupt some. More expensive US oil and rising US dollars will destroy Germany, the engine of EU. And in end, US will have customers who can’t afford to pay for its expensive goods and services. Like dominoes falling, the US has set off chain reaction it has no control over now.

Bin Bei Bula Afo
Bin Bei Bula Afo
Guest
Reply to  Valkry
17-07-22 16:00
Valkry
Valkry
Guest
17-07-22 04:09

Wow, this is crazy and the crazy part is that the US is selling the oil at premium. Wow!!!! Like I have said, this whole thing was pre planned, looks to me like the US is the one playing chess and the rest of the world is playing checkers

Valkry
Valkry
Guest
17-07-22 04:15

EU consuming US oil and weapons.

Donnchadh
Donnchadh
Guest
Reply to  Valkry
17-07-22 04:57

Right on every post Valkry–the question is do the EU know how dumb they are or dont they care for their populations well being but only care for US well being ( servants of America ) ??
I know many Americans are dumbfounded at the European “stupidness ” and subservient attitude.