ERBIL, IRAQ - NOVEMBER 17: A view of the Erbil oil rafinery, one of the most significant plants where the crude oil is processed and refined in Iraqs Kurdish Regional Government (KRG), Erbil on November 17, 2016. (Photo by Hamit Huseyin/Anadolu Agency/Getty Images)

Iraqi Crude Exports to US Witness a Decline for a Second Running Week

Iraq’s oil exports to the United States have seen a marked contraction, dropping to an average of 136,000 barrels per day (bpd) in the preceding week, data from the US Energy Information Administration (EIA) showed on the weekend.
This echoed a trend in the United States’ broader crude oil intake from a select group of nine key exporters.
In the referenced week, the average daily import stood at 5.249 million barrels – a remarkable drop of 544,000 barrels per day when juxtaposed with the figures from the preceding week, which registered at 5.793 million barrels per day.
Specifically, the EIA data saw a reduction in Iraqi crude exports to the US market. Declining by 38,000 barrels per day from the previous week, the average daily export from Iraq adjusted to 136,000 barrels.
The data underscores a sustained dependence on Canada, which held its position as the foremost US oil supplier, averaging 3.707 million bpd over the past week. Following Canada, Mexico took the second spot, with a daily average of 657,000 barrels. Other key suppliers include Columbia, exporting an average of 214 bpd, and Saudi Arabia, contributing a daily average of 212,000 barrels.
Further down the list, Brazil supplied 175,000 barrels daily, while Nigeria and Ecuador exported 77,000 and 71,000 bpd, respectively.

About Parvin Faghfouri Azar

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