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HomeEnergyIraq oil exports to US drop sharply

Iraq oil exports to US drop sharply

Iraq oil exports to US have seen a sudden fall. Shipments of crude to the American market declined to 142,000 barrels per day. The drop equals nearly half of the previous week’s total of 279,000 barrels per day. This sharp decrease signals a big change in trade flows.

Iraq, the second-largest producer in OPEC, relies heavily on Asian markets. Most of its crude oil moves to Asia instead of North America. Official data show that almost three-quarters of exports head toward buyers in China and India. In contrast, smaller amounts go to Europe and the United States. Therefore, Asia remains the main destination for Iraqi crude.

Meanwhile, the United States imported crude from nine major suppliers during the same period. Total volumes reached 5.91 million barrels per day. This number was higher by more than 300,000 barrels compared with the week before. The growth reflects steady demand for energy in the American market.

Canada stayed the top supplier with 4.05 million barrels per day. Mexico followed with 398,000 barrels per day. Brazil provided 344,000 barrels per day, while Colombia came close with 343,000 barrels per day. These Latin American nations continue to play a strong role in US supply.

At the same time, Saudi Arabia supplied 273,000 barrels per day. Nigeria delivered 213,000 barrels per day, showing Africa’s role in the trade. Libya added 80,000 barrels per day, while Ecuador shipped 65,000 barrels per day. However, Venezuela sent no crude oil at all during this period.

The picture shows clear changes in global oil patterns. Iraq oil exports to US are shrinking while Asia takes the lead. America still depends mostly on nearby countries like Canada and Mexico. Other suppliers from South America, Africa, and the Middle East add balance to the mix.

In conclusion, Iraq oil exports to US keep moving downward. The country depends on Asian demand, and the United States secures energy from closer partners. This trend highlights shifting trade priorities in the global oil market.