The value of the European Union’s petroleum oil imports surged 55.8 per cent in the second quarter of 2026, while volumes remained broadly stable, rising 1.2 per cent to a monthly average of 36.7 million tonnes, according to Eurostat.

Liquefied natural gas (LNG) import value increased 4.1 per cent, despite a 5.6 per cent decline in volume. Imports of natural gas in gaseous form rose by 18.5 per cent in value and 3.4 per cent in volume.

The United States was the EU’s largest petroleum oil supplier, accounting for 18.8 per cent of imports, followed by Norway at 14.3 per cent and Kazakhstan at 13.4 per cent.

The US also dominated LNG supplies, providing 63.2 per cent, while Russia accounted for 17.3 per cent and Algeria 8.1 per cent.

Norway remained the leading supplier of gaseous natural gas at 51.2 per cent, followed by Algeria at 18.2 per cent. The UK supplied 11.1 per cent, overtaking Russia at 10.2 per cent. -OGN/TradeArabia News Service