Iraq’s Oil Exports to the U.S. Witness Decline in February
The U.S. Energy Information Administration (EIA) reported that Iraq’s oil exports to the United States reached 5 million barrels in February. This represents a decrease from January, during which Iraqi shipments totaled 6.231 million barrels.
The EIA’s data reveals that Iraq exported an average of 257,000 barrels per day in the first week of February, followed by an average of 228,000 barrels per day in the second week. In the third week, the average daily export volume dropped to 46,000 barrels, with the fourth week seeing an average of 170,000 barrels per day.
In the context of overall oil exports to the US, Iraq ranked sixth among supplying nations last month. Canada led as the top exporter to the United States, followed by Mexico, Saudi Arabia, Brazil, and Venezuela.
Within the Arab region, Iraq holds the position of the second-largest oil exporter to the U.S., trailing Saudi Arabia, which exported 7.056 million barrels in February. Libya ranked third in this category.
This data underscores Iraq’s significant role in the global oil market while also highlighting the volatility in crude oil export levels.
