Iraq ranks second among OAPEC crude oil exporters in Q1 2025

Shafaq News/
Iraq ranked as the second-largest crude oil exporter among the member states of
the Organization of Arab Petroleum Exporting Countries (OAPEC) during the first
quarter of 2025.

According to
a report by OAPEC, Iraq’s oil exports averaged 3.35 million barrels per day
(bpd), trailing only Saudi Arabia, which topped the list with 5.89 million bpd.
The United Arab Emirates followed in third place with 2.86 million bpd, while
Kuwait ranked fourth with 1.32 million bpd.

Libya came
in fifth with an average of 1.18 million bpd, followed by Qatar at 605,000 bpd.
Algeria was the lowest exporter among OAPEC members, with 378,000 bpd.

On the
global oil trade front, the report noted that the United States maintained its
status as a net importer of crude oil while remaining a net exporter of
petroleum products. The US recorded net exports of crude and petroleum
derivatives at approximately 2.7 million bpd during the first quarter of the
year.

China’s net
oil imports declined by about 385,000 bpd, settling at 10.7 million bpd.
Meanwhile, India’s oil imports increased by 3.3% quarter-on-quarter, reaching
4.6 million bpd.