Decline in Iraq’s Oil Exports to the U.S.
The U.S. Energy Information Administration (EIA) has reported a noteworthy decline in Iraq’s crude oil exports to the United States over the past week.
According to the EIA, the average daily import of crude oil into the U.S. from eight principal countries was approximately 5.506 million barrels, reflecting a decrease of 544,000 barrels per day compared to the previous week’s imports of 6.050 million barrels.
Specifically, Iraq’s oil exports to the U.S. saw a marked reduction, falling to 46,000 barrels per day—a drop of 53,000 barrels from the prior week’s figure of 99,000 barrels.
The EIA further highlighted that the majority of U.S. oil revenue during the past week originated from Canada, which supplied an average of 3.918 million barrels per day. Mexico followed as the second-largest supplier, contributing 482,000 barrels per day, while Saudi Arabia and Venezuela provided 380,000 and 226,000 barrels per day, respectively.
In terms of other significant sources, U.S. crude oil imports included 217,000 barrels per day from Brazil, 150,000 barrels per day from Colombia, and 87,000 barrels per day from Nigeria.
Summary Table of U.S. Crude Oil Imports:
Country | Barrels per Day |
---|---|
Canada | 3,918,000 |
Mexico | 482,000 |
Saudi Arabia | 380,000 |
Venezuela | 226,000 |
Brazil | 217,000 |
Colombia | 150,000 |
Nigeria | 87,000 |
Iraq | 46,000 |
This recent data underscores the dynamic shifts in U.S. oil imports and the significant role each contributor plays in the global crude oil market.