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Dollar Prices Rise in Baghdad and Erbil Markets

The US dollar exchange rate in Iraq climbed higher on Monday as trading opened in Baghdad and Erbil. The increase reflects ongoing pressure in local currency...
HomeEnergyIraq’s February Oil Exports to US Drop to 4.9 Million Barrels

Iraq’s February Oil Exports to US Drop to 4.9 Million Barrels

Iraq’s oil exports to the United States fell to 4.9 million barrels in February, down from 6.231 million barrels in January, according to the US Energy Information Administration (EIA).

The EIA’s report showed Iraq shipped an average of 257,000 barrels per day (bpd) in the first week of February, 228,000 bpd in the second week, 46,000 bpd in the third week, and 170,000 bpd in the fourth week.

Iraq ranked sixth among the top crude suppliers to the US last month, behind Canada, Mexico, Saudi Arabia, Brazil, and Venezuela.

Regionally, Iraq was the second-largest Arab oil exporter to the US, following Saudi Arabia, which exported 7.056 million barrels. Libya ranked third among Arab suppliers.