Europe’s new oil map

July 20, 2023

Impact of the war in Ukraine on supply and demand

T&E looks at how European oil flows have changed following three years of pandemic and then war in Ukraine. While there is clear evidence of a current surge in renewable energy in the EU as well as a renewed political ambition to speed up the energy transition, trends in oil demand and sobriety measures have been overlooked. T&E’s report looks at how much oil Europe is still importing and where those imports are now coming from.

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