No More Russian Oil: How Europe Could Cut 35% Of Its Transport Oil Demand

a silhouette of crude oil and natural gas in northwest oklahoma silhouette t20 1jAA9n e1666132220263 No More Russian Oil: How Europe Could Cut 35% Of Its Transport Oil Demand
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Takeaways:

  • The UK and the European Union have announced plants to phase out Russian oil imports by the end of 2022.
  • Almost all of Europe’s demand for Russian oil can be eliminated by 2025 by saving fuel and switching to electric vehicles.
  • By 2030 EU oil demand could be fully 35% lower than in 2019.

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