The United States reduced its crude oil imports from Iraq last week, signaling shifting trade patterns in global energy flows. Data shows that US oil imports from Iraq averaged 183,000 barrels per day (bpd), down from 213,000 bpd the previous week—a drop of 30,000 bpd.
This decrease contrasts with a broader trend. Overall US crude imports from ten key suppliers rose by 272,000 bpd, reaching 5.236 million bpd. This reflects stronger demand or more favorable supply deals with other oil-exporting countries.
Canada held its position as the top US oil supplier, exporting 3.168 million bpd. Mexico followed with 397,000 bpd, while Saudi Arabia delivered 346,000 bpd. Colombia came next at 325,000 bpd, then Brazil with 299,000 bpd. Other contributors included Libya at 240,000 bpd, Nigeria with 209,000 bpd, Venezuela at 70,000 bpd, and Ecuador supplying just 5,000 bpd.
The decline in US oil imports from Iraq highlights Iraq’s vulnerability in a competitive and shifting oil market. With no pipeline access to the US and long transport routes, Iraqi crude can become less attractive when other suppliers offer better logistical or pricing advantages.
This shift could also reflect adjustments in refinery demand. Some US refineries may be processing lighter crude blends, which Iraq typically does not offer. Others may be shifting focus to non-Middle Eastern sources due to geopolitical concerns or changes in supply contracts.
The Iraqi oil sector remains vital to its national economy, contributing the majority of government revenue. A continued dip in exports to major buyers like the US could raise concerns over revenue stability. However, Iraq still exports large volumes to Asia, especially China and India, which remain top buyers.
Meanwhile, US refiners are diversifying their sources, as seen in the rising volumes from countries across Latin America and Africa. This strategy reduces risk and boosts flexibility in the face of geopolitical tension or supply disruptions.
For Iraq, maintaining a steady market share in the US will require more than oil output. It will need strategic pricing, logistical improvements, and political stability. Unless those factors align, US oil imports from Iraq may continue to decline.