Iraqi oil exports to US fell noticeably last week, reflecting changes in the US crude oil import landscape. According to data released by the US Energy Information Administration (EIA), the United States imported an average of 183,000 barrels per day (bpd) from Iraq. This figure shows a decline of 30,000 bpd compared to the previous week’s 213,000 bpd.
Meanwhile, total crude oil imports from the top ten global suppliers increased significantly. US crude imports rose by 272,000 bpd, reaching an average of 5.236 million bpd. This growth signals a shift toward a more diversified set of suppliers.
Canada remained the leading crude oil exporter to the US, providing 3.168 million bpd, which represents more than half of the total imports. Mexico followed with shipments of 397,000 bpd, maintaining its strong presence in the market.
Saudi Arabia held the third spot, exporting 346,000 bpd to the US. Colombia and Brazil continued to contribute substantially, shipping 325,000 bpd and 299,000 bpd respectively. These countries have steadily increased their share of the US oil market.
Libya also played a role, delivering 240,000 bpd, while Nigeria supplied 209,000 bpd. Venezuela’s exports stood at 70,000 bpd, and Ecuador’s shipments were smaller, totaling 5,000 bpd.
Despite the overall increase in US crude imports, I
Iraqi crude exports to America declined. This decrease may stem from logistical challenges, refinery preferences, or shifting geopolitical considerations. Additionally, Iraq might be experiencing changes in production or export strategies.
The drop in Iraqi crude deliveries comes as the US diversifies its energy imports, turning to various other producers for supply stability. If this trend persists, Iraq’s share of the US oil market may shrink further.
Observers will watch whether Iraqi oil heading to the United States rebounds soon or continues to fall. The evolving global oil market remains highly competitive, with many countries vying for a larger share of US imports.
This dynamic environment requires producers like Iraq to adapt quickly to changing demands and preferences in the US refining sector. For now, the recent data clearly shows a reduction in Iraqi shipments amid a broader surge in imports from other nations.
