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Norwegian North Sea field fills Russian crude supply gap

Russian crude imports to Europe shrank by 80 percent in November and December compared to pre-war levels, writes S&P Global Commodity Insights.

Johan Sverdrup-oliefeltet i Nordsøen har erstattet en del af den russiske råolie, der ikke længere tilflyder det europæiske marked. | Photo: Carina Johansen/AP/Ritzau Scanpix

by KIM WIESENER

Russian crude oil slides from European markets as a result of EU sanctions. The gap is plugged by crude flows from Norway, the US, Saudi Arabia, Azerbaijan and Guyana.

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