Iraqi Oil Exports to US Increase as Overall Imports Decline

Oil field in Basra, Iraq on 17 April 2017 [HAIDAR MOHAMMED ALI/AFP via Getty Images]

The US Energy Information Administration (EIA) announced on Sunday that Iraqi oil exports to the United States saw a notable rise over the past week.

According to the report, US crude oil imports from 10 major suppliers amounted to 5.305 million barrels per day (bpd), a decrease of 439,000 bpd compared to the previous week’s 5.744 million bpd.

Iraqi oil exports to the US reached 241,000 bpd, marking an increase of 89,000 bpd from the previous week’s 152,000 bpd. Despite the rise in Iraqi imports, Canada remains the leading supplier of crude oil to the US, delivering 3.499 million bpd daily.

Other significant contributors include Mexico with 382,000 bpd, Venezuela with 315,000 bpd, Saudi Arabia with 285,000 bpd, Ecuador with 228,000 bpd, Colombia with 149,000 bpd, Brazil with 134,000 bpd, Nigeria with 44,000 bpd, and Libya with 28,000 bpd.