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HomeEnergyIraq Oil Exports to US Jump to 371,000 BPD

Iraq Oil Exports to US Jump to 371,000 BPD

Iraq increased its oil exports to the United States significantly, reaching 371,000 barrels per day. This surge places Iraq as the third-largest supplier to the US last week. Analysts note that Iraq’s oil exports to US markets have grown steadily over recent months, reflecting stronger production and logistics.

The United States imported an average of six million barrels of crude oil daily from ten major suppliers. This total represents a 122,000 barrel-per-day increase compared with the previous week. Within this context, Iraq’s oil exports to US customers rose from 249,000 barrels per day to 371,000 barrels per day. This sharp increase underscores Iraq’s expanding role in supplying international markets.

Canada remains the largest crude exporter to the US, delivering 3.87 million barrels per day. Saudi Arabia follows with 707,000 barrels daily, while Mexico supplied 325,000 barrels. Iraq surpassed Colombia, Brazil, Libya, Ecuador, Venezuela, and Nigeria, cementing its position as a top-tier supplier. Experts emphasize that Iraq’s oil exports to US markets now hold strategic importance for both countries.

The rise in Iraq’s oil exports to US markets comes amid strong global demand. Oil traders highlight improved logistics at southern Iraqi ports as a key factor. Tankers have maintained consistent throughput, ensuring timely delivery to US refineries. Moreover, refiners in the US increasingly rely on Iraq’s crude to diversify their supply.

Iraq’s oil exports to US markets support the national economy substantially. Revenues from exports contribute to state budgets, infrastructure projects, and public services. Officials note that maintaining export growth will require continuous investment in production, storage, and shipping capacity.

Energy analysts also point to seasonal trends affecting US imports. Refinery needs, fluctuating global demand, and geopolitical conditions influence weekly shipments. Consequently, Iraq’s oil exports to US markets may continue to vary, but current data confirms the country’s rising role in global trade.

In addition, Iraq has strengthened its monitoring and reporting mechanisms for exports. Authorities track shipments daily to ensure compliance with international contracts. This careful oversight helps prevent bottlenecks and guarantees that Iraq maintains reliability for US buyers.

Traders expect Iraq’s oil exports to US markets to remain competitive. Rising efficiency at ports and production facilities increases supply consistency. Meanwhile, the US continues to import tens of millions of barrels daily, making Iraq a critical contributor to meeting energy needs.

Iraq’s oil exports to US markets now attract international attention. Industry experts argue that ongoing growth enhances Iraq’s influence in energy trade. At the same time, improved revenues allow for infrastructure upgrades and economic development initiatives within the country.