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Europe turns to Norway, US, Guyana, Saudi crudes in 2022 to fill Russian supply gap

January 7, 2023 Comments Off

European refiners turned to crude grades from Norway, the US, Saudi Arabia, Guyana, and Azerbaijan in 2022 to plug the growing gap left by Russian imports sidelined by Western sanctions on Moscow, according to tanker tracking data. Russian seaborne crude imports into the EU, Norway and the UK shrank by 80% or 1.36 million b/d in November and December compared…