US Imports No Iraqi Oil for Third Consecutive Week Amid Regional Tensions
The US Energy Information Administration has reported that the United States did not receive any oil shipments from Iraq last week, marking the third consecutive week without imports from the country.
According to published data, the US imported no crude oil from Iraq in the weeks ending June 27, July 3, and July 10. This is a significant change compared to previous weeks when Iraq’s oil exports to the US averaged 71,000 barrels per day for the week ending June 19, and 107,000 barrels per day for the week ending June 5.
Simultaneously, US oil imports from Saudi Arabia also dropped to zero last week. Among Arab countries, only Libya exported oil to the US during this period, supplying 78,000 barrels per day. It was also reported that the US did not import any oil from Nigeria.
In a separate development, the media office of the Iraqi Prime Minister announced that Ali Falih al-Zaydi has overseen the signing process of 48 agreements, memoranda of understanding, and declarations of participation between Iraqi government institutions and the private sector with American entities.
Meanwhile, Rudaw Network, citing an official from the energy company HNK, reported that the company has suspended all operations in the Kurdistan region of Iraq due to escalating tensions between the US and Iran.
The United States is one of the world’s largest consumers of oil, and changes in its import levels from major producers typically have widespread effects on global energy markets.
