Iraqi oil exports to America fall to zero economy

Data from the US Energy Information Administration showed that US imports of Iraqi crude oil declined to zero during the week ending June 12, 2026, compared to 107 thousand barrels per day in the previous week, in a development that reflects the fluctuations in crude flows to the US market in recent weeks.

According to the weekly data on crude oil imports by country of origin, Iraq was among the countries that did not record any oil exports to the United States during the past week, along with Nigeria and Libya.

Data show that US imports of Iraqi oil have witnessed a noticeable fluctuation since the beginning of the year, reaching 325,000 barrels per day at the end of January, before gradually declining over the following months, reaching 43,000 barrels per day in the last week of May, then rising to 107,000 barrels per day in the week ending June 5, before falling to zero in the following week.

Canada leads

Canada maintained its position as the largest supplier of crude oil to the United States, with supplies amounting to about 3.78 million barrels per day during the past week, followed by Venezuela with about 535 thousand barrels per day, then Mexico with 249 thousand barrels per day.

Ecuador came in fourth place with supplies of 169,000 barrels per day, followed by Brazil with about 133,000 barrels per day, while Saudi Arabia recorded 71,000 barrels per day.

The data also showed a decline in Colombian crude imports to only 1,000 barrels per day, compared to 154,000 barrels per day in the previous week.

This change in oil flows to the United States comes at a time when global energy markets are witnessing fluctuations related to the rearrangement of supply paths and developments in the global oil market, with markets continuing to monitor levels of American demand and inventories.

Erosion of stocks

The US Energy Information Administration recently announced that total US crude oil inventories, including commercial stocks and strategic oil reserves, decreased by 17.2 million barrels within one week to reach 758.5 ​​million barrels, the lowest level since March 1985.

Commercial inventories also fell by 8.3 million barrels to 418.2 million barrels, exceeding market expectations that indicated a decline of only about 4.6 million barrels.

According to the data, the United States has lost about 96.25 million barrels of its total reserves since the outbreak of the war with Iran, with a number of countries relying on American oil and petroleum products to fill the supply gaps resulting from turmoil in global energy markets.