Baghdad, Iraq- Iraq’s crude oil exports to the United States saw a significant increase last week, bouncing back after two consecutive weeks of decline. According to the latest data from the US Energy Information Administration (EIA), Iraq’s crude shipments reached 257,000 barrels per day (bpd), marking a sharp rise from the previous week’s 46,000 bpd.
The overall crude oil imports into the US from eight key suppliers averaged 5.275 million bpd last week. However, this figure reflects a drop of 231,000 bpd from the previous week, when imports stood at 5.506 million bpd. Despite the overall decline, Iraq’s crude exports to the US rose considerably, making it one of the fastest-growing suppliers.
Among the leading crude suppliers to the US, Canada maintained its dominant position, exporting 3.653 million bpd. Mexico followed with 553,000 bpd, while Saudi Arabia secured third place with 277,000 bpd. Venezuela, another key supplier, contributed 198,000 bpd to US imports.
In addition to Iraq, several other countries continued their crude shipments to the US. Brazil exported an average of 155,000 bpd, while Nigeria supplied 139,000 bpd. Ecuador, on the other hand, had the lowest crude shipments among the top suppliers, with just 43,000 bpd.
Iraq’s crude oil exports to the US have shown fluctuations in recent weeks, but the latest surge highlights the country’s role as an important energy supplier. As global oil demand continues to shift, Iraq’s ability to increase exports positions it strongly in the market. This increase not only strengthens Iraq’s trade relations but also reinforces its significance in the global oil industry.
With Iraq’s crude oil exports to the US rebounding, analysts expect continued fluctuations in the coming weeks. The rise in exports reflects shifting market trends and Iraq’s ongoing role in global energy supply.
