U.S. Halts Iraqi Oil Imports for Fifth Consecutive Week

The U.S. Energy Information Administration reported that the United States has not imported any crude oil from Iraq for the fifth consecutive week, according to its weekly report released today, Sunday. The administration stated that the average U.S. crude oil imports from ten major countries increased last week to approximately 6.127 million barrels per day, up by 827,000 barrels per day compared to the previous week’s average of 5.3 million barrels per day. Canada led as the largest supplier of crude oil to the U.S. with an average of 3.928 million barrels per day, followed by Venezuela with 618,000 barrels per day, Colombia with 376,000 barrels, and Mexico with 305,000 barrels per day. Guyana ranked fifth with an average of 281,000 barrels per day, followed by Saudi Arabia with 227,000 barrels, Brazil with 167,000 barrels, Argentina with 141,000 barrels, and Nigeria with 84,000 barrels per day. No imports from Iraq were recorded during the past week. The daily oil consumption in the United States is estimated at about 20 million barrels, making it the largest consumer of crude oil globally.