Cargo was less than can be carried by one Aframax tanker.
Oil and gas companies face continued market volatility despite an already historic year so far.
Oil prices rose on July 31 and were on track for monthly gains, boosted by a weaker dollar in the face of continuing concerns over the recovery of the U.S. economy.
‘People are waking up to a new reality’ as the cartel may be forced to adjust.
Chinese refiners took advantage of the oil price war’s very low prices, so record imports may continue in August.
Oil production in the U.S. is expected to stabilize at about 11 million bbl/d after recovering from a low in June.
Oil producers in the U.S. have boosted volumes, after curbing shale well output in the spring when prices collapsed.
The July figures imply Iraq is still some way from fulfilling its OPEC+ pledges and is exporting far more than a July loading program indicated.
Mike Wirth, the CEO of U.S. oil giant Chevron Corp., on July 20 said the uncertainty of the COVID-19 pandemic has it planning for "choppy" oil prices and economic activity globally.