U.S. oil imports from Iraq climbed significantly last week. This marks stronger energy trade between the two nations.
The U.S. Energy Information Administration shared this new data. It shows that U.S. crude oil imports from ten main suppliers reached 6.188 million barrels per day.
This figure is much higher than the previous week. The U.S. imported 952,000 more barrels per day compared to earlier.
Among these suppliers, Iraq stood out. U.S. oil imports from Iraq rose to 212,000 barrels per day. That was an increase of 29,000 barrels per day from the prior week.
Canada remained the top oil supplier to the U.S. It delivered around 4.228 million barrels per day last week.
Nigeria followed, sending 419,000 barrels per day to the U.S.
Saudi Arabia came next with 351,000 barrels per day, followed by Mexico at 342,000 barrels per day.
Other notable exporters included Brazil, Colombia, Ecuador, Libya, and Venezuela. Brazil sent 191,000 barrels per day, while Colombia delivered 175,000 barrels per day.
Ecuador exported 126,000 barrels per day. Libya provided 80,000 barrels per day. Venezuela exported 64,000 barrels per day.
Many analysts say this jump in U.S. oil imports from Iraq highlights the importance of Middle East crude. They also point to ongoing efforts by the U.S. to diversify its suppliers.
Furthermore, market experts believe that rising. oil imports from Iraq could signal stronger trade ties. Iraq remains one of the key oil exporters globally.
As global demand fluctuates, the U.S. may continue increasing its crude imports from key nations like Iraq.
Many traders will keep watching these trends. Changes in U.S. oil imports from Iraq can impact global oil prices.
This increase in U.S. oil imports from also shows its role in American energy security.