Decline in Iraq's oil exports to US

Economy 11:14 AM - 2022-07-31
 Photo Credit: Reuters

Photo Credit: Reuters

The US Energy Information Administration announced a decrease in Iraq's oil exports to the United States during the past week.

The administration said in a report that the average US imports of crude oil during the past week from eight countries amounted to 5.349 million barrels per day, down by 373,000 barrels per day compared to the previous week, which amounted to 5.722 million barrels per day.

It added that Iraq's oil exports to the US amounted to an average of 165,000 barrels per day last week, down from the previous week when oil exports to US averaged 454,000 barrels per day.

The report also indicated that most of America's oil revenues during the past week came from Canada, at a rate of 3.308 million barrels per day, followed by Mexico at a rate of 639,000 barrels per day, and oil revenues from Saudi Arabia at a rate of 516,000 barrels per day, and then Brazil at a rate of 278,000 barrels per day. 

According to the administration, the amount of US imports of crude oil from Colombia and Ecuador amounted to an average of 150,000 barrels per day for each one, and from Nigeria at a rate of 143,000 barrels per day, while no quantity was imported from Trinidad and Tobago or Russia.



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