The value of European Union petroleum oil imports rose sharply by 55.8 per cent in the second quarter of 2026, according to Eurostat.

Despite the steep rise in total cost, the volume of imported petroleum oil remained largely stable compared with the monthly average recorded in 2025.

Total petroleum oil import volumes reached 36.7 million tonnes during the period, representing a modest gain of 1.2 per cent.

In the liquefied natural gas sector, the total import value rose by 4.1 per cent while the overall import volume fell by 5.6 per cent.

Imports of natural gas in gaseous form registered increases in both total value and volume, climbing by 18.5 per cent and 3.4 per cent respectively.

The United States and Norway retained their positions as the largest energy suppliers to the EU throughout the second quarter of 2026.

The United States served as the primary provider of petroleum oil to the bloc, accounting for 18.8 per cent of total imports.

Norway followed as the second-largest petroleum supplier at 14.3 per cent, while Kazakhstan provided 13.4 per cent of the total volume.

The vast majority of the EU’s liquefied natural gas was imported from the United States, which supplied 63.2 per cent of total imports.

Russia accounted for 17.3 per cent of liquefied natural gas imports, while Algeria supplied 8.1 per cent during the same timeframe.

Norway remained the dominant partner for gaseous natural gas, delivering 51.2 per cent of the EU’s total supplies.

Algeria ranked as the second-largest gaseous gas supplier with a market share of 18.2 per cent.

The United Kingdom surpassed Russia to become a top three partner for gaseous natural gas, delivering 11.1 per cent compared to Russia’s 10.2 per cent share.