Iraqi oil exports to the United States decreased last week, according to the US Energy Information Administration (EIA) on Sunday. The EIA reported that the average US crude oil imports from eight key countries reached 5.645 million barrels per day (bpd) last week, decreased by 142.000 bpd from the previous …
Read More »Iraq’s Oil Exports to US Rise 21,000 bpd Last Week
Iraq’s oil exports to the United States increased last week, according to data released by the US Energy Information Administration (EIA) on Sunday. The EIA’s report showed that average US crude oil imports from nine major suppliers reached 5.787 million barrels per day (bpd) last week, an increase of 911,000 …
Read More »EIA: Iraqi Oil Exports to US Surge over the Week
The US Energy Information Administration (EIA) announced on Sunday that Iraqi oil exports to the US had risen during the past week. “In a span of a week, the US imports of crude oil from nine major countries amounted to 4.876 million bpd, down by 732,000 bpd from the previous …
Read More »SOMO: Iraq Cancels 1M Barrels of Crude, Defers more to Meet OPEC+ Targets
Iraq has canceled a 1-million-barrel spot crude sale and will defer two more shipments as part of efforts to comply with its OPEC+ production targets, following overproduction in the first half of the year, a senior official from the state oil marketer SOMO said on August 29 and reported by …
Read More »Iraq Submits Updated Compensation Plan to OPEC
The Organization of Petroleum Exporting Countries (OPEC) said on Thursday that it received updated compensation plans from Iraq and Kazakhstan for their overproduced volumes for the first seven months of 2024. According to assessments made by independent sources, OPEC said that Iraq overproduced 1.44 million barrels per day from January …
Read More »India’s Oil Imports: Iraq Holds Firm as Second-Largest Supplier
Iraq retained its position as the second-largest supplier of oil to India in July, according to recent data from Indian industry and trade sources. The data, reviewed by Shafaq News, indicated “a 4% increase in India’s crude oil purchases from the Middle East in July, lifting the region’s share of …
Read More »Iraq Ranks Fourth Largest Oil Supplier to China in July
Iraq was the fourth-largest oil exporter to China in July 2024, according to data released by China’s General Administration of Customs on Wednesday. Iraq shipped 4.36 million metric tons of crude oil to China in July, equivalent to approximately 33.93 million barrels, marking a 12.1% decrease from June 2024, when …
Read More »OPEC’s Oil Output Jumps by 185,000 Bpd as Iraq Continues to Overproduce
OPEC’s crude oil production jumped by 185,000 barrels per day (bpd) in July compared to June as top producer Saudi Arabia boosted output, Iraq continued to pump well above its quota, and Iran also raised supply, the monthly OPEC report showed on Monday. Total crude oil production from all 12 …
Read More »Basrah Crude Prices Dip Slightly with Global Oil Price Stability
On Monday, Basrah crude oil decreased despite a stability in global oil prices. Basrah Heavy crude edged lower by $0.14 to $73.60, while Basrah Medium also rose by $0.14 to $76.77. Global oil prices remained stable, maintaining most of their gains from the previous week, which had exceeded three percent. …
Read More »EIA Reports Increase in Iraqi Oil Exports to the US
Iraqi oil exports to the United States increased last week, according to the US Energy Information Administration (EIA) on Sunday. The EIA reported that the average US crude oil imports from nine key countries reached 5.554 million barrels per day (bpd) last week, down by 420,000 bpd from the previous …
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