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HomeEnergyIraq Oil Exports to US Surge by 150,000 bpd

Iraq Oil Exports to US Surge by 150,000 bpd

Iraqi oil exports to the United States saw a remarkable increase in volume. Iraqi oil exports tells the story of a strong surge in energy trade between Iraq and the US. This significant jump highlights the ongoing importance of Iraq in the global oil market.

Therefore, the US boosted its crude oil imports from eight main suppliers recently. These imports reached a total of 5.623 million barrels per day (bpd). That marked a rise of 207,000 bpd from the previous week’s figure of 5.416 million bpd. Among these, Iraqi oil exports stood out with the sharpest growth.

Additionally, Iraq’s exports to the US rose to 314,000 bpd. That’s an increase of 150,000 bpd from the earlier total of 164,000 bpd. This surge shows Iraq’s growing share in supplying energy to the US. The energy partnership between Iraq and the US appears to be getting stronger.

While Iraq’s rise is notable, Canada stayed the top oil supplier to the US. Canada delivered 3.339 million bpd, keeping its lead position. Saudi Arabia came in second with 523,000 bpd. Mexico followed with 372,000 bpd, and Colombia came next at 345,000 bpd. Brazil was close behind, shipping 253,000 bpd.

Other contributors to US imports included Nigeria and Ecuador. Nigeria sent 252,000 bpd, while Ecuador added 216,000 bpd. However, no oil imports came from Venezuela or Libya during this time. Their absence further underlines the growing role of Iraqi oil exports.

As global energy demand fluctuates, the US remains focused on securing steady oil supplies. The increase in Iraqi oil exports shows how Iraq continues to be a reliable partner in this effort. Moreover, this change signals a strategic shift in sourcing from Middle Eastern suppliers.

With global markets watching closely, the rise in Iraqi supplies could influence oil prices and regional energy policies. Energy traders and decision-makers will likely take this data into account in the coming weeks. Iraq’s role is clearly becoming more central in the US energy equation.

This steady climb in oil shipments from Iraq might not be temporary. If this trend continues, Iraq could move higher on the list of US oil suppliers. That would have long-term effects on global trade flows and economic relations.