Satellite data reveals a surge in Iraqi crude exports, reaching 13 million barrels loaded on August 24, up from recent weeks.
Iraq loaded approximately 13 million barrels of crude onto seven tankers at its Persian Gulf export facilities on August 24, marking a significant increase in activity. The combined carrying capacity of the vessels aligns with data from TankerTrackers.com, which confirmed the volume at the Al Basrah Oil Terminal.
This surge contrasts sharply with prior weeks, when satellite imagery typically showed only one or two tankers at Iraq’s offshore export hubs. The sharp rise in loadings suggests a potential boost in Iraqi crude supply to global markets.
No immediate market reaction was reported, but the increase could ease supply concerns amid ongoing geopolitical tensions in oil-producing regions.