Iraq’s oil exports to U.S. markets declined sharply last week, according to new data from the U.S. Energy Information Administration. The drop came as Venezuelan crude supplies increased and overall U.S. oil imports moved lower.
The EIA said the United States imported an average of 5.06 million barrels of crude oil daily from nine countries last week. That figure showed a decline of 170,000 barrels per day compared with the previous week.
The Iraq oil exports to U.S buyers reached 76,000 barrels per day during the same period. The figure marked a decline of 119,000 barrels per day from the week before. Iraqi shipments previously stood at 195,000 barrels per day.
Canada remained the largest oil supplier to the United States. Canadian exports averaged 3.26 million barrels per day last week. Venezuela ranked second with 400,000 barrels per day, reflecting stronger crude flows into American markets.
Colombia exported around 348,000 barrels daily to the United States. Saudi Arabia followed closely with 332,000 barrels per day. Mexico also remained among the leading suppliers with exports averaging 327,000 barrels daily.
The United States also imported oil from Ecuador, Nigeria, and Brazil. Ecuador supplied roughly 165,000 barrels per day. Nigeria exported 93,000 barrels daily, while Brazil contributed 27,000 barrels per day.
Analysts say Iraq oil exports to U.S. markets often fluctuate because of refinery demand and global supply conditions. Competition from other oil-producing countries also affects export levels and trading activity.
Energy markets remain sensitive to political and economic developments worldwide. Regional tensions and shipping disruptions frequently influence global crude oil flows. Sanctions policies and production changes also affect international trade patterns.
The United States remains the world’s largest oil consumer. The country uses more than 20 million barrels of oil each day. American refineries continue relying on imported crude supplies from multiple countries to maintain stable fuel production.
Despite the recent decline, Iraq continues to play an important role in supplying crude oil to the U.S. market. Export levels may rise again depending on demand and global energy conditions in the coming weeks.