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HomeOil and GasIraqIraq Oil Exports to US Drop Significantly, EIA Reports

Iraq Oil Exports to US Drop Significantly, EIA Reports

Iraqi oil exports to the United States fell sharply last week, according to the US Energy Information Administration (EIA). The decline highlights changes in global crude oil flows and shifts in US import patterns.

The EIA reported on Sunday that the average US crude oil imports from ten key countries reached 4.708 million barrels per day (bpd) last week. This figure marked a decrease of 508,000 bpd compared to the previous week’s average of 5.216 million bpd.

Iraq’s contribution to US crude imports dropped dramatically. The country exported an average of 92,000 bpd, down from 255,000 bpd the previous week. This represents a decline of 163,000 bpd, underscoring a significant reduction in Iraq’s supply to the US market.

Other major suppliers maintained their positions. Canada led US crude imports, averaging 3.580 million bpd. Saudi Arabia followed with 257,000 bpd, while Mexico contributed 256,000 bpd, and Brazil exported 141,000 bpd to the US.

Smaller suppliers also saw fluctuations. Venezuela shipped 121,000 bpd, Nigeria exported 119,000 bpd, Colombia provided 72,000 bpd, and Ecuador supplied 70,000 bpd. These numbers reflect ongoing changes in demand, logistics, and production levels in the global oil market.

The drop in Iraqi exports comes amid increasing competition from other crude oil suppliers and shifting trade routes. Analysts suggest that geopolitical factors and regional production adjustments may also play a role.

EIA data indicates that US crude imports fluctuate weekly based on supply agreements, refinery demand, and international market conditions. Iraq’s recent decline demonstrates the country’s growing challenge in maintaining consistent export levels to the US amid global market pressures.

Industry experts note that while Iraq remains a key global oil supplier, other nations are steadily increasing their share in the US market. Canada, Saudi Arabia, and Mexico continue to dominate imports, leaving smaller exporters like Iraq vulnerable to rapid changes.

As Iraq navigates these challenges, energy analysts predict that export levels could stabilize in the coming weeks if agreements and production strategies align. Meanwhile, the US continues to diversify its crude import sources to ensure energy security and price stability.