Daily Energy Report
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June 03, 2025
Chart of the Day
EOA: Iraq’s Seaborne Oil Exports Declined in May
Summary
Iraq’s seaborne crude oil exports fell in May, as shown in Figure 1. Exports to China remain strong, but those to India and the US declined. Over 60% of Iraq’s crude exports go to China and India. This decline in May is significant on several fronts as explained below.