Tuesday, February 17, 2026
9 C
Baghdad

Iraq’s Oil Exports to US Declined in 2024 but Remain Vital for Energy Trade

Baghdad, Iraq – Iraq exported over 95 million barrels of crude oil and petroleum products to the United States in 2024, marking a decline from 115 million barrels the previous year, according to the US Energy Information Administration (EIA).

EIA data showed that April recorded the highest monthly exports at 10.5 million barrels, while February saw the lowest at 4.68 million barrels. Despite these fluctuations, Iraqi oil shipments to the US have generally followed an upward trend in recent years, occasionally reaching record highs.

The sustained exports highlight Iraq’s expanding production capacity and the rising global demand for oil. As one of the world’s top producers, Iraq continues to play a key role in global energy markets.

The trade partnership between Iraq and the US remains essential for energy stability. These exports not only bolster Iraq’s economy but also support the US energy sector by ensuring a steady supply of crude oil.

As global energy markets continue to evolve, Iraq’s oil industry remains a critical player in meeting demand and strengthening international trade relations.

Hot this week

Iraq Backs Iran–US Talks as Regional Tensions Shift

Iraq signaled strong support for ongoing diplomacy, stressing that regional...

Baghdad-Vienna Flights Could Resume as Fuad Hussein Pushes for Closer Ties

Deputy Prime Minister and Foreign Minister Fuad Hussein emphasized Iraq-Austria...

Baghdad Named Headquarters for Arab Women Judges Network

Baghdad has emerged as a central hub for Arab...

Iraq Security Stability Dominates Talks at Munich Conference

Iraq security stability shaped high-level talks during a key...

Turkiye Rejects Interference Claims Amid Iraq Diplomatic Tensions

Turkiye Iraq tensions escalated Wednesday after Ankara rejected accusations of...

Topics

Iraq Backs Iran–US Talks as Regional Tensions Shift

Iraq signaled strong support for ongoing diplomacy, stressing that regional...

Baghdad-Vienna Flights Could Resume as Fuad Hussein Pushes for Closer Ties

Deputy Prime Minister and Foreign Minister Fuad Hussein emphasized Iraq-Austria...

Baghdad Named Headquarters for Arab Women Judges Network

Baghdad has emerged as a central hub for Arab...

Iraq Security Stability Dominates Talks at Munich Conference

Iraq security stability shaped high-level talks during a key...

Turkiye Rejects Interference Claims Amid Iraq Diplomatic Tensions

Turkiye Iraq tensions escalated Wednesday after Ankara rejected accusations of...

Nechirvan Barzani Leads Diplomacy Drive at Munich Conference

Kurdistan Region President Nechirvan Barzani intensified diplomacy at the Munich Security Conference on...

BLACKPINK’s Jennie Buys Former Iraqi Embassy Building in Seoul

Jennie real estate move has captured attention across both...

Kurdistan Strengthens Ramadan Market Monitoring Ahead of Fasting

Authorities will strengthen Ramadan market monitoring in the Kurdistan Region as...

Related Articles