The European Union imports more than 95% of the oil it consumes.

Omissions

• The claim is a lower-bound statement ('more than 95%'); the actual figure is even higher at 96.6% in 2024, and Bruegel (citing Eurostat complete energy balances, March 2026) puts the oil and petroleum products import dependency at around 98%.
• The MEP did not specify a reference year; the most recent verified Eurostat figure before the session date is for 2024 (96.6%).

Sources

• PrimaryEurostat — Oil and petroleum products: a statistical overviewIn 2024, the EU's import dependency was 96.6% which is 1.7% higher compared to 2023. The dependency on foreign oil had been slowly growing from the lower rates...
• SecondaryBruegel — Dependence on fossil fuels, not on the United States, is Europe's worry...the EU was 98 percent dependent on imports for oil and petroleum products. See Eurostat, 'Complete energy balances', version of 6 March 2026...