How much oil does the US get from Russia? | Business and Economy News
Russia’s invasion of Ukraine has triggered severe economic sanctions and condemnation from the United States and its allies.
Oil prices have surged due to concerns about disruptions to global supply, eight percent of which comes from Russian exports, leading traders to seek out alternative sources in an already tight market.
The spiralling prices are a particular concern for the US, the world’s biggest oil consumer, where inflation is already running at a four-decade high.
How much oil does the US import from Russia?
The US imports Russian oil, but it is not highly dependent on the country for its supplies.
In 2021, the US imported an average of 209,000 barrels per day (bpd) of crude oil and 500,000 bpd of other petroleum products from Russia, according to the American Fuel and Petrochemical Manufacturers (AFPM) trade association.
This represented three percent of US crude oil imports and one percent of the total crude oil…