Increase in Iraq’s Oil Exports to the United States
The U.S. Energy Information Administration (EIA) has reported a notable rebound in Iraq’s oil exports to the United States during the past week, following a decline that lasted two consecutive weeks.
According to the EIA’s recent data, the average U.S. import of crude oil from eight major countries fell to 5.275 million barrels per day, a decrease of 231,000 barrels per day from the previous figure of 5.506 million barrels per day.
Significantly, Iraq’s oil exports to the United States rose sharply to 257,000 barrels per day, an increase of 211,000 barrels per day compared to the prior week’s total of just 46,000 barrels.
The data also highlights that the majority of U.S. oil revenue during the past week originated from Canada, which supplied 3.653 million barrels per day. Following Canada, Mexico contributed 553,000 barrels per day, Saudi Arabia 277,000 barrels per day, and Venezuela 198,000 barrels per day.
Here is a summary of crude oil imports to the U.S. from selected countries:
Country | Barrels per Day (in thousands) |
---|---|
Canada | 3,653 |
Mexico | 553 |
Saudi Arabia | 277 |
Venezuela | 198 |
Iraq | 257 |
Brazil | 155 |
Nigeria | 139 |
Ecuador | 43 |
This data reflects the dynamic landscape of global oil trade and underscores Iraq’s emerging role in meeting U.S. energy demands.