By Simon Kent.
Iraqi crude exports to the US surged to 521,000 bpd for October, according to the US Energy Information Administration (EIA.)
The increase in exports of Iraqi crude to the US marks a historic shift, since US imports of Iraqi crude actually decreased after 2003 despite the gradual increase in Iraqi production, with China becoming the lead importer.
Currently, the US imports around 900,000 bpd of Saudi Arabian oil, and over 3 million barrels per day of Canadian crude.
Source: EIA
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Jump in Iraqi Crude Exports to US: By Simon Kent. Iraqi crude exports to the US surged to 521,000 bpd for Octo... https://t.co/VqApYEQ6YM
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