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Thursday, March 26, 2026

Iraq Imports Over $140 Million in U.S. Food Supplies

The Iraq U.S. food imports showed strong growth and reached new levels in recent data. Official figures confirmed that Iraq's U.S. food imports exceeded...
HomeEconomyIraq Oil Exports to US Jump 242,000 bpd, Boosting Market Share

Iraq Oil Exports to US Jump 242,000 bpd, Boosting Market Share

Iraq significantly increased its crude oil exports to the United States last week, strengthening its role in global energy trade. The rise in shipments marked a strong recovery from recent lows and positioned Iraq as one of the top crude suppliers to the US during that period.

According to the US Energy Information Administration, Iraq’s oil exports to the United States climbed to 325,000 barrels per day (bpd) last week, up by 242,000 bpd from just 83,000 bpd the previous week. This surge made Iraq the third-largest crude supplier to the US for the week reported.  

Analysts say the increased flow reflects growing Iraqi production capacity combined with strong demand from US refineries. Iraq’s gains came as total US crude imports from major global suppliers reached about 5.643 million bpd, up by 735,000 bpd from the previous week. Canada remained the largest single source of US crude oil, followed by Saudi Arabia, Mexico, and Brazil.  

Iraq’s export gains come amid broader market pressures that have recently driven crude oil prices higher. Global energy markets reacted strongly to tensions in the Middle East and decisions by producer groups to keep production levels steady. OPEC+ agreed to maintain its current output targets, which supported prices and encouraged exporting countries like Iraq to increase shipments.  

Oil prices also rose in global markets due to geopolitical risks and supply concerns. In recent sessions, benchmark crude prices jumped on worries of potential conflicts, with Brent and WTI benchmarks moving upwards. These price dynamics may have contributed to stronger demand for Iraqi crude in the US market.  

In addition, OPEC member states including Iraq submitted updated compensation plans after exceeding output targets in previous months. Iraq’s plan supports its continued role as a key oil exporter while balancing broader supply commitments.  

Traders say Iraq’s increased oil exports to the US reflect both market conditions and long-term energy cooperation between Baghdad and global buyers. US refiners often adjust their import patterns based on crude quality and price competitiveness. Iraqi Basra medium and heavy crude grades remain attractive to many American refineries, especially those optimized for heavier oil.

Despite challenges from global supply volatility and regional export infrastructure limits, Iraq’s oil sector continues to adapt. The recent rise in shipments signals stronger production flows and a more active presence in the US market.