As of May 2025, the European Union (EU) has significantly diversified its oil import sources, reducing its reliance on Russian oil due to sanctions and geopolitical shifts. The top oil exporters to the EU during this period are:
United States: Leading with approximately 16.1% of EU oil imports, the U.S. has become the EU's largest supplier of petroleum oil.
europe-data.com
Norway: Supplying about 13.5% of the EU's oil imports, Norway remains a key partner in Europe's energy landscape.
Kazakhstan: Accounting for 11.5% of EU oil imports, Kazakhstan has solidified its position as a significant supplier.
Libya: Contributing 8.1% to the EU's oil imports, Libya continues to be an important source of crude oil for Europe.
Epthinktank
Saudi Arabia: Providing 9.0% of the EU's oil imports, Saudi Arabia remains a major player in the global oil market.
Russia's share of EU oil imports has dramatically decreased to around 3%, down from 27% in early 2022, due to EU sanctions and efforts to diversify energy sources.
Industry Intelligence Inc.
This shift has led to increased imports from traditional partners like the U.S. and Saudi Arabia, as well as from countries like Kazakhstan and Libya. The EU's strategy focuses on enhancing energy security by broadening its supplier base.
In the context of these developments, major oil companies such as Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) have been influential. As of the latest data:
Source: CHATGPT
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