T&E study finds EU has replaced Russian oil barrel-for-barrel as continent fails to cut demand
Green Car Congress
JULY 31, 2023
Source: T&E Increased European imports have coincided with an increase in global oil production and exports. For example, 70% of the surge in the US oil production was directed to the EU between 2021 and 2022. Imports of refined oil products from China and India have grown 70% and 13% respectively over the past year.
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