Iraq oil exports to the United States rose sharply last week, reaching 195,000 barrels per day. This marks a notable increase in Baghdad’s energy trade with Washington.
The US Energy Information Administration (EIA) reported that Iraq’s oil exports climbed by 103,000 barrels daily from the previous week. Previously, Iraq exported around 92,000 barrels per day to the US.
Meanwhile, the United States imported an average of 4.88 million barrels of crude oil per day from nine major countries. This represents a decrease of 181,000 barrels compared with the week before.
Canada remained the largest crude oil supplier, providing 3.44 million barrels per day. Saudi Arabia followed with 403,000 barrels, Mexico with 322,000, and Colombia with 206,000 barrels daily.
Other suppliers included Brazil at 200,000 barrels, Nigeria at 183,000, Libya at 97,000, and Venezuela at 37,000 barrels per day. These figures show the US’s broad import strategy.
The rise in Iraq oil exports strengthens US energy supply and highlights Iraq’s growing market presence. Analysts note that Iraq is recovering export momentum amid global fluctuations.
Furthermore, higher exports can boost Iraq’s foreign currency earnings. They may also improve trade balances and support economic stability.
Energy experts stress that Iraq oil exports reflect Baghdad’s strategy to expand market reach. The country leverages its competitive crude grades to attract international buyers.
In addition, increased exports may encourage new investment in Iraq’s oil sector. International companies could expand operations and production capacity.
The surge in exports also demonstrates Iraq’s logistical and port efficiency. Authorities have streamlined shipping processes to ensure timely deliveries to the US market.
Moreover, analysts believe consistent shipments can strengthen Iraq’s long-term trade relationships. Reliable supply helps secure repeat contracts and improves market credibility.
Looking ahead, Iraqi authorities aim to maintain steady exports and secure long-term contracts. They also plan to stabilize revenues and optimize production to meet global demand.
In conclusion, Iraq oil exports to the United States rose significantly last week. This growth underscores Iraq’s strategic role in global energy markets.
