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Pakistan Turns to Vitol for More U.S. Crude
Yahoo Finance· 2025-09-26 20:05
Pakistan has taken another step in diversifying its crude oil supplies with a second purchase of U.S. crude, breaking from its traditional reliance on Middle Eastern imports. Cnergyico, the country’s largest refiner, has ordered 1 million barrels of U.S. West Texas Light (WTL) crude for November delivery through trading house Vitol, Vice Chairman Usama Qureshi confirmed. The deal, priced against Dubai benchmarks, follows Pakistan’s debut purchase of U.S. crude in August, when a test cargo of WTL was booke ...