Decline in Iraqi Oil Exports to the U.S.
On Saturday, the U.S. Energy Information Administration reported a notable reduction in Iraq’s oil exports to the United States for the preceding week.
According to the administration’s data, the average daily imports of crude oil by the U.S. from its top ten supplier countries reached 6.050 million barrels, marking an increase of 69,000 barrels per day from the prior week’s figure of 5.981 million barrels.
Crucially, Iraq’s oil exports to the U.S. fell sharply to 99,000 barrels per day, a decline of 237,000 barrels per day from the previous week’s total of 336,000 barrels per day.
The report indicates that the highest volume of oil imports to the U.S. in the past week came from Canada, averaging 4.063 million barrels per day. Saudi Arabia followed with 488,000 barrels per day, followed by Libya (324,000 barrels), and Brazil (254,000 barrels).
Other notable contributions to U.S. oil imports included:
| Country | Barrels per Day |
|---|---|
| Venezuela | 214,000 |
| Ecuador | 157,000 |
| Nigeria | 152,000 |
| Colombia | 150,000 |
| Mexico | 149,000 |
This decline in Iraqi oil exports emphasizes the shifting dynamics in the global oil market and the continuing adjustments in supply chains and trade relationships among key oil-exporting countries.
