U.S. Overtakes Russia as Top Crude Oil Supplier to Turkey
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Turkey's energy imports have witnessed a significant shift, with the U.S. replacing Russia as the leading supplier of crude oil. In June, U.S. crude oil imports surged to record highs, accounting for 21% of Turkey's total imports, according to data from the Energy Market Regulatory Authority (EPDK). This shift comes as Turkey's overall crude oil imports fell by 9.1% year-on-year to 2.66 million tons. Turkey has been diversifying its energy supplies, turning to countries like the U.S., Kazakhstan, Iraq, Brazil, and Guyana amid sanctions on Russian energy companies and disruptions to Black Sea shipments.
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