In a recent update from the US Energy Information Administration (EIA), it was reported that Iraq’s oil exports have experienced a significant decline over the past week.
According to the EIA’s latest schedule, average crude oil imports into the United States from eight major countries reached 5.577 million barrels per day, marking an increase of 42,000 barrels per day from the previous week’s figure of 5.535 million barrels per day.
The data revealed that Iraq’s oil exports to the US diminished considerably, dropping to a rate of 46,000 barrels per day—an impressive decrease of 182,000 barrels per day compared to the previous week’s exports, which stood at 228,000 barrels per day.
The EIA’s report also identified that the majority of oil revenue for the US during the past week originated from Canada, which supplied an average of 4.091 million barrels per day. In addition, Brazil followed with 418,000 barrels per day, closely accompanied by Mexico at 308,000 barrels per day, and Colombia, which averaged 227,000 barrels per day.
Further analysis indicated that US imports of crude oil from Saudi Arabia reached 203,000 barrels per day, while imports from Venezuela were recorded at 189,000 barrels per day. Additionally, Ecuador contributed 95,000 barrels per day to the US market.
| Country | Barrels per Day |
|---|---|
| Canada | 4,091,000 |
| Brazil | 418,000 |
| Mexico | 308,000 |
| Colombia | 227,000 |
| Saudi Arabia | 203,000 |
| Venezuela | 189,000 |
| Ecuador | 95,000 |
| Iraq | 46,000 |
This notable shift in oil import dynamics reflects changing trends in supply and demand, emphasizing the evolving nature of the global energy market.
