Iraq’s oil exports dip 130K bpd as new data highlights a sharp weekly decline in shipments to the United States. Figures from the U.S. Energy Information Administration show a major drop in Iraqi crude flows. Iraq oil exports dip 130K bpd as volumes fall significantly week over week.
First, Iraqi crude exports to the U.S. averaged 140,000 barrels per day. This figure marks a steep fall from 270,000 bpd the previous week. The decline equals nearly 48.15%, showing a rapid slowdown in exports. Therefore, Iraq’s oil exports dip 130K bpd due to weaker weekly performance.
Moreover, this drop reflects changing short-term supply flows. It also suggests shifts in demand or logistics. As a result, Iraqi export volumes remain volatile in the current market.
At the same time, total U.S. crude imports also declined slightly. Imports from ten major suppliers reached 5.840 million bpd. This level dropped by 49,000 bpd from 5.889 million bpd. This small decrease shows overall market adjustment rather than major disruption.
Despite this, key suppliers maintained strong positions. Canada remained the top exporter to the U.S. with 3.801 million bpd. Meanwhile, Saudi Arabia followed with 629,000 bpd.
In addition, Colombia exported 416,000 bpd, while Mexico supplied 398,000 bpd. These figures show steady flows from major producers.
Furthermore, smaller exporters also contributed to the supply mix. Venezuela shipped 194,000 bpd, while Ecuador added 103,000 bpd. Nigeria delivered 84,000 bpd.
Additionally, Brazil exported 73,000 bpd, while Libya contributed only 2,000 bpd. These volumes highlight a wide range of supply sources.
Meanwhile, Iraq’s ranking among suppliers declined during this period. Earlier weeks showed stronger export levels. However, the latest figures reflect a noticeable drop.
Looking ahead, global oil markets continue to shift due to demand changes and supply conditions. Short-term fluctuations remain common in the oil trade. Therefore, weekly data often shows sudden rises and falls.
In conclusion, Iraq oil exports dip 130K bpd as shipments to the U.S. fall sharply. Although total imports remain stable, Iraq faces ongoing volatility in export performance.