The phrase "oil cargo" refers to a shipment or load of oil being transported from one place to another, typically in large containers or vessels. Full definition
Glencore and the banks lent Chad's state oil firm about $ 1.45 billion in 2014 to be repaid with crude oil cargoes but... (cnbc.com)
Venezuela's only hope at this point would be more assistance from Russia or China, two countries that have loaned large sums of money to the South American nation, a lot of which was given in exchange for oil cargoes. (oilprice.com)
Even at higher prices, PDVSA would still be capable of importing from Rotterdam or any other dynamic market for spot oil cargoes. (fortune.com)