more than 1 million barrels of oil from the United States is planned to be supplied to Europe daily, said the director of the Vitol oil witol oilter, Russell Hardy, whose words are quoted by Reuters.
According to him, that Russian raw materials “need to find a house outside the UK, the USA and the European Union.” “It will overcome long distances and find new markets, and at the same time it will have to be sold at a discount,” Hardy said in the fields of the 38th Asia-Pacific Oil Conference.
Before the hostilities in Ukraine, the European Union accounted for over 60% of the exports of Russian oil. In 2021, the EU received 2.2 million barrels per day of raw oil from the Russian Federation.