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Iraq Oil Exports To US Drop Sharply By 61% In Weekly Data, EIA Reports

Iraq’s crude oil exports to the United States recorded a sharp weekly decline, falling by 61 percent, according to data released by the US Energy Information Administration (EIA) on Sunday.

Shipments averaged 76,000 barrels per day (bpd) last week, compared with 195,000 bpd in the previous week, marking a drop of 119,000 bpd.

The decline comes as total US crude imports from nine major suppliers also decreased by 170,000 bpd, reaching 5.066 million bpd.

Despite the drop in Iraqi shipments, Canada remained the largest supplier to the United States, exporting 3.268 million bpd. It was followed by Venezuela at 400,000 bpd, Colombia at 348,000 bpd, Saudi Arabia at 332,000 bpd, and Mexico at 327,000 bpd.

Other suppliers included Ecuador with 165,000 bpd, Nigeria with 93,000 bpd, and Brazil with 27,000 bpd. No crude imports were recorded from Libya during the week under review.

The data highlights ongoing fluctuations in global oil trade flows, particularly in key exporting countries such as Iraq, whose crude shipments remain a significant component of its economy.

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