{"id":1697,"date":"2017-11-12T19:56:55","date_gmt":"2017-11-12T20:56:55","guid":{"rendered":"http:\/\/madaresharghi.com\/as-saudi-arabia-limits-us-oil-shipments-iraq-steps-in\/"},"modified":"2017-11-12T19:56:55","modified_gmt":"2017-11-12T20:56:55","slug":"as-saudi-arabia-limits-us-oil-shipments-iraq-steps-in","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/as-saudi-arabia-limits-us-oil-shipments-iraq-steps-in\/","title":{"rendered":"As Saudi Arabia Limits US Oil Shipments, Iraq Steps in"},"content":{"rendered":"

madaresharghi<\/a>
\n<\/p>\n

\tSaudi Arabia\u2019s efforts to reduce a worldwide crude supply glut by cutting shipments to the United States means others are now filling in, most notably Iraq, in a trend that is set to accelerate in the coming months.
\tOver the summer, normally one of the busiest periods for crude shipments, US imports of crude from Iraq rose by 41% from a year ago, while similar shipments from Saudi Arabia have dropped by 22%, Reuters reported.
\tThat trend has continued, with ClipperData showing Iraqi shipments to the nation\u2019s largest refinery in October surpassed Saudi Arabia\u2019s for the first time in more than 30 years.
\tIt shows how Saudi Arabia\u2019s leading role in reducing world supply has also cost it market share in the world\u2019s largest oil consumer, as its share of US imports has fallen to the lowest level since 1985. Imports have increased from OPEC members Iraq and Nigeria, along with Canada, and refiners are relying more on rising US shale production.
\t\u201cFor every barrel the Saudis do not produce, they are losing market share,\u201d said Sandy Fielden, director of research, commodities and energy at Morningstar. \u201cRefiners go to an alternate in that situation and obviously the Iraqis took advantage.\u201d
\tSaudi Arabia cut shipments to the United States beginning in June, as part of the ongoing effort by the Organization of Petroleum Exporting Countries to cut supply.
\tOPEC, along with non-member nations including Russia, agreed in late 2016 to cut world output by 1.8 million barrels a day. Representatives of OPEC countries will meet at the end of the month to consider extending cuts.
\tBetween June and August of this year, according to US Energy Information Administration data, Iraq exported an average of 600,000 barrels of oil daily to the United States, compared with 426,600 bpd a year ago.
\tSaudi Arabia\u2019s shipments dropped to an average of 850,000 a day from 1.09 million bpd last year, according to US energy data. At its peak in 1991, Saudi Arabia supplied the United States with 29% of its crude.\u00a0 According to Matt Smith, director of commodity research at ClipperData, shipments from Iraq to Motiva Enterprises LLC\u2019s Port Arthur, Texas refinery are up by almost 35% in the six months through October.
\tThe Texas refinery, the largest in the United States and owned by Saudi Aramco, did not respond to a request for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"

madaresharghi Saudi Arabia\u2019s efforts to reduce a worldwide crude supply glut by cutting shipments to the United States means others are now filling in, most notably Iraq, in a trend that is set to accelerate in the coming months. Over the summer, normally one of the busiest periods for crude shipments, US imports of crude […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"\nAs Saudi Arabia Limits US Oil Shipments, Iraq Steps in - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/as-saudi-arabia-limits-us-oil-shipments-iraq-steps-in\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"As Saudi Arabia Limits US Oil Shipments, Iraq Steps in - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Saudi Arabia\u2019s efforts to reduce a worldwide crude supply glut by cutting shipments to the United States means others are now filling in, most notably Iraq, in a trend that is set to accelerate in the coming months. Over the summer, normally one of the busiest periods for crude shipments, US imports of crude […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/madaresharghi.ir\/en\/as-saudi-arabia-limits-us-oil-shipments-iraq-steps-in\/\" \/>\n<meta property=\"og:site_name\" content=\"madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-12T20:56:55+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\",\"url\":\"https:\/\/madaresharghi.ir\/en\/\",\"name\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"description\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/madaresharghi.ir\/en\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/as-saudi-arabia-limits-us-oil-shipments-iraq-steps-in\/#webpage\",\"url\":\"https:\/\/madaresharghi.ir\/en\/as-saudi-arabia-limits-us-oil-shipments-iraq-steps-in\/\",\"name\":\"As Saudi Arabia Limits US Oil Shipments, Iraq Steps in - madaresharghi | An Analytical Look at Middle Eastern Developments\",\"isPartOf\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\"},\"datePublished\":\"2017-11-12T20:56:55+00:00\",\"dateModified\":\"2017-11-12T20:56:55+00:00\",\"author\":{\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/madaresharghi.ir\/en\/as-saudi-arabia-limits-us-oil-shipments-iraq-steps-in\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#\/schema\/person\/c52e345120843d5f259215c4e809cdd2\",\"name\":\"administrator\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/901309319175b0d219e688b01909d220?s=96&d=mm&r=g\",\"caption\":\"administrator\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/1697"}],"collection":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/comments?post=1697"}],"version-history":[{"count":0,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/posts\/1697\/revisions"}],"wp:attachment":[{"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/media?parent=1697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/categories?post=1697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/madaresharghi.ir\/en\/wp-json\/wp\/v2\/tags?post=1697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}