By the end of 2022, the United States became the main exporter of oil to the EU countries, and Russia’s share decreased from 31% to 4%.
It is noted that at the end of 2021 and the beginning of 2022, the Russian Federation supplied to the EU about 40-50 million barrels per month, or from 24 to 30%. The US share then was only 10-13%. Kazakhstan and Norway supplied about the same amount to the EU. But after two months since the beginning of the conflict in Ukraine, Russia’s share in the European oil market fell to 18%, and in December to 4%. This was largely facilitated by EU sanctions on fuel supplies from the Russian Federation.
At the same time, the US share in the EU at this time increased by 6%, reaching 18% compared to December 2021. Thus, by the end of 2022, the United States came out on top in terms of oil exports to the European Union.