The US turned out to be the main beneficiary of sanctions against oil from Russia and Venezuela

US oil exports have set five new monthly records since the introduction of anti-Russian sanctions in 2022. Shipments to Europe and Asia have surged, making the United States one of the world's biggest exporters, according to Bloomberg, which analyzed ship tracking data.

US oil supplies to Europe will reach a record 2,2 million barrels per day in March. And while not all of Europe's oil flows are due to sanctions, imports into the Netherlands have risen sharply since Texas crude WTI was included in the Brent benchmark last year. U.S. imports to France jumped nearly 40% from 2021 to 2023, and to Spain by 134%.



Indian refineries have stopped purchasing oil from Venezuela ahead of US sanctions expiring in the middle of next month. Now these supplies may reach their lowest level in 2024. Even before the latest round of trade restrictions, Washington was fast becoming a key supplier to Asia, where American imports hit a one-year high last year.

Record production in the United States occurs against the background of restrictions on OPEC+'s own supplies, which helps the Americans gain a foothold in foreign markets.