Iraq Economic News and Points To Ponder Sunday Afternoon 1-25-26

EIA: Iraq Oil Exports To US Rise Over The Week

2026-01-25 Shafaq News– Baghdad/ Washington   Iraq’s crude oil exports to the United States rose to 251,000 barrels per day (bpd) last week, US Energy Information Administration (EIA) data showed on Sunday.

According to the data, Iraqi shipments were up 42,000 bpd from 209,000 bpd a week earlier.

Total US crude imports from nine major suppliers fell to 5.585 million bpd, down 649,000 bpd from 6.234 million bpd the previous week.

Canada remained the top supplier at 4.108 million bpd, followed by Colombia with 357,000 bpd, Saudi Arabia with 296,000 bpd, and Mexico with 242,000 bpd.

Imports also included Ecuador at 102,000 bpd, Venezuela at 101,000 bpd, Brazil at 71,000 bpd, and Nigeria at 39,000 bpd.  https://www.shafaq.com/en/Economy/EIA-Iraq-oil-exports-to-US-rise-over-the-week

Iraq Earns $6B+ From December Oil Exports

2026-01-25 Shafaq News– Baghdad   Iraq exported 107.65 million barrels of crude oil in December 2025, generating revenues of more than $6.38 billion, the Oil Ministry said on Sunday.

According to a statement, exports from oil fields in central and southern Iraq totaled 100,420,048 barrels during the month. Shipments from the Kurdistan Region via the Turkish Ceyhan port reached 5,997,527 barrels, while exports to Jordan amounted to 309,712 barrels. Deliveries from the Qayyarah oil field stood at 923,774 barrels.

In November, crude oil exports totaled 106.59 million barrels, bringing in more than $6.59 billion.

Iraq, the second-largest oil producer in OPEC after Saudi Arabia, depends on crude exports for more than 90% of state revenues. Most shipments are exported through southern terminals on the Arabian Gulf, supplying mainly Asian markets, while smaller volumes move through northern routes and to neighboring countries https://www.shafaq.com/en/Economy/Iraq-earns-6B-from-December-oil-exports

Iraq Ships 1.2B+ Oil Barrels In 2025

2026-01-25   Shafaq News– Baghdad   Iraq exported 1,243,496,885 barrels of crude oil in 2025, marking a slight increase compared with 1,234,294,152 barrels shipped in 2024, oil export data revealed.

According to the SOMO monthly data, compiled by Shafaq News, the figures averaged 103,624,740 barrels per month and about 3.45 million barrels daily. Oil revenues recorded over ten months, from March through December, amounted to $69,409,862,449.

Exports from Basra and central Iraqi fields via Basra ports totaled 1,113,920,778 barrels, while shipments from the Kurdistan Region reached 19,416,124 barrels over three months of 2025. Additional exports included 7,287,628 barrels from the Qayyarah oil field and 2,747,807 barrels shipped from the Al-Sumoud refinery to Jordan.

Earlier today, Iraq’s Oil Ministry said revenues in December alone exceeded six billion dollars from oil saleshttps://www.shafaq.com/en/Economy/Iraq-ships-1-2B-oil-barrels-in-2025

An Economist Says The Rise In Oil Prices Is Temporary And The Markets Do Not Reflect The True Reality.

  {Economic: Al-Furat News} Economic expert Nabil Al-Marsoumi believes that the current fluctuation in oil prices indicates a temporary rise as a result of geopolitical developments, but it is not sustainable in the long term.

Al-Marsoumi told Al-Furat News Agency that: “The fluctuation in oil prices is heading towards higher prices,” noting that “the current rise is not sustainable but rather a result of geopolitical developments.”

He explained that "depending on how events unfold, prices could exceed $70, but this is temporary and cannot be relied upon."

Al-Marsoumi added, "The rise in oil prices is not successful because it changes the fundamentals of the oil market in terms of supply and demand. The market is now considered to be oversupplied, and the security events are what raised oil prices at the present time."

Oil prices rose as risk appetite improved in broader markets and the dollar weakened, offsetting concerns about increased supplies in the United States and elsewhere.

Brent crude rose towards $65 a barrel, heading for its fifth consecutive weekly gain, while West Texas Intermediate crude approached $60.

Data released on Thursday showed that the US economy expanded in the third quarter more than initially estimated, while the dollar weakened, making goods cheaper for buyers outside the United States.   Raghid LINK

Dollar Climbs In Baghdad And Erbil At Close

2026-01-25 Shafaq News– Baghdad/ Erbil  The US dollar closed Sunday’s trading higher in Iraq, hovering around 149,000 dinars per 100 dollars.

According to a Shafaq News market survey, the dollar traded in Baghdad's Al-Kifah and Al-Harithiya exchanges at 149,000 dinars per 100 dollars, up from the morning session’s 148,200 dinars.

In the Iraqi capital, exchange shops sold the dollar at 149,500 dinars and bought it at 148,500 dinars, while in Erbil, selling prices stood at 149,200 dinars and buying prices at 149,100 dinars. https://www.shafaq.com/en/Economy/Dollar-climbs-in-Baghdad-and-Erbil-at-close#:~:text=2026%2D01%2D25,at%20149%2C100%20dinars.

New Rise In The Price Of The Dollar Against The Dinar In Baghdad

Time: 2026/01/25  Economic: Al-Furat News} The exchange rate of the US dollar against the Iraqi dinar recorded a new increase this morning, Sunday, in the markets of the capital, Baghdad.   The prices were as follows... 

The selling price was 148,750 dinars for 100 dollars, while the buying price was 147,750 dinars for 100 dollars. LINK

Gold Prices Soar In Baghdad; A Mithqal Exceeds One Million Dinars.

Economy News – Baghdad  The prices of foreign and Iraqi gold rose today, Sunday, in local markets in the capital, Baghdad.   In Baghdad, wholesale markets on Al-Nahr Street recorded a selling price of 1.033 million Iraqi dinars per mithqal (approximately 4.5 grams) of 21-karat gold from the Gulf, Turkey, and Europe, while the buying price reached 1.029 million dinars, compared to yesterday's price of 1.015 million dinars.

As for Iraqi gold of the same karat, the selling price was 1.003 million dinars, and the buying price was 999,000 dinars.

In goldsmith shops, the selling price of a mithqal of 21-karat Gulf gold ranged between 1.035 million and 1.045 million dinars, while the selling price of a mithqal of Iraqi gold ranged between 1.005 million and 1.015 million dinars.

In Erbil, prices also rose, with the selling price of 22-karat gold reaching about 1.098 million dinars, 21-karat gold reaching 1.048 million dinars, and 18-karat gold reaching 898 thousand dinars. https://economy-news.net/content.php?id=64948