Baghdad – Iraq’s oil exports to the United States have slightly decreased in the past week. The US imported an average of 141,000 barrels per day of Iraqi crude oil, which is 29,000 barrels less than the previous week. This marks a small dip in Iraq’s share of the US oil market.
In contrast, US total oil imports increased last week, reaching 5.09 million barrels per day. This was an increase from the prior week’s 4.83 million barrels per day. While Iraq’s exports saw a decline, other nations continued to supply significant amounts of crude oil to the US.
Canada remained the largest source of US oil imports. The US received an average of 3.38 million barrels per day from Canada last week. Following Canada, Mexico and Nigeria were the next largest contributors, with 369,000 and 276,000 barrels per day, respectively.
Despite the drop, Iraq continues to be an important source of crude oil for the US. This decrease, though modest, reflects the shifting dynamics of global oil trade. Iraq’s exports are still crucial, but other countries are maintaining steady or growing contributions to the US oil supply.
The drop in Iraq’s oil exports to the US highlights the ongoing changes in oil demand and the global market. While Iraq remains a key player, the situation shows the fluid nature of international energy trade. As the market adapts, Iraq will need to monitor these trends closely to adjust its strategies.
