Iraq oil exports to the United States fell to 7.94 million barrels, down from 8.37 million barrels the previous month. This decline shows fluctuations in Iraq oil exports to US markets.
Additionally, average daily shipments varied widely during the month, ranging from 162,000 barrels per day in the second week to 328,000 barrels per day in the first week. Such variations indicate the dynamic and often unpredictable nature of Iraq oil exports to US buyers.
Despite the drop, Iraq still remains a key and reliable supplier of crude oil to the United States. The country ranks fifth among Washington’s top crude suppliers, following Canada, Mexico, Saudi Arabia, and Brazil.
Moreover, in the Arab region, Iraq holds the second position for crude to the US, after Saudi Arabia, which shipped 9.36 million barrels. Libya ranks third with 3.53 million barrels. These rankings highlight Iraq’s significant role in regional energy trade.
Industry experts say market demand, shipping schedules, and refinery needs contribute to monthly variations. They also note that geopolitical events and global oil prices affect Iraq oil exports to US markets.
Iraq’s government continues to monitor these trends closely. Authorities coordinate with international buyers to maintain steady exports and meet contractual obligations. Future projections suggest Iraq may adjust shipments to stabilize deliveries while responding to market fluctuations.
Therefore, traders observe that Iraq oil exports to US markets influence global oil benchmarks. Even small changes in monthly shipments can affect pricing and trading strategies. Analysts predict that Iraq’s strategic location and production capacity will keep the country relevant in US crude supply chains.
Overall, Iraq remains committed to its role as a major oil exporter. Efforts to optimize production, shipping logistics, and trade agreements support ongoing sales. The fluctuations in exports to US markets reflect broader dynamics in global energy trade.