Iraq’s oil exports to the United States rebounded sharply last week, showing a strong recovery in shipments. According to the US Energy Information Administration (EIA), Iraqi crude exports reached 255,000 barrels per day (bpd). This is a remarkable rise from the previous week’s 40,000 bpd. The increase highlights Iraq’s growing role in supplying the US energy market.
Average US crude imports from ten major suppliers reached 5.21 million bpd. This is up 375,000 bpd from 4.84 million bpd the previous week. Canada remained the largest supplier, providing 3.96 million bpd. It was followed by Mexico at 353,000 bpd, Saudi Arabia at 323,000 bpd, and Venezuela at 302,000 bpd.
Additionally, other countries contributing to US crude imports included Brazil, which supplied 129,000 bpd. Nigeria exported 115,000 bpd, while Libya sent 96,000 bpd. Ecuador provided 51,000 bpd, and Colombia contributed 24,000 bpd. Together, these suppliers ensure steady US crude availability.
The rebound of Iraqi oil shipments reflects increased production and improved logistics. After a brief decline in deliveries, Iraq managed to restore exports efficiently. Experts suggest that the rise also aligns with higher global oil demand and stable trade agreements between Baghdad and Washington. Consequently, US refineries received a larger share of Iraqi crude last week, supporting domestic energy needs.
Transitioning from the previous low export week, Iraq’s oil industry demonstrates resilience. Officials from the Ministry of Oil noted that efforts to stabilize export flows have improved. They emphasized that the country is committed to maintaining reliable deliveries to international buyers, particularly to the United States.
Market analysts also pointed out that Iraq’s growing presence in the US market could influence pricing dynamics. With shipments recovering, US refiners benefit from increased supply diversity. This reduces dependency on a single source and enhances energy security. Additionally, Iraqi oil exports contribute to Baghdad’s revenues, supporting its broader economic recovery.
In conclusion, Iraq’s oil export surge to the United States highlights a positive trend. With shipments rising to 255,000 bpd, Iraq strengthens its energy partnership with Washington. The rebound not only benefits US refineries but also supports Iraq’s economy and long-term trade stability.
