PIF Energy launches $2bn VLCC buying spree
AI Summary
Dallas-based energy trader PIF Energy plans to spend $2 billion acquiring as many as 15 very large crude carriers, with purchases already underway. The company says the tankers will help secure crude and refined-product shipping capacity through the Strait of Hormuz.
US energy trader PIF Energy has unveiled plans to spend $2bn acquiring up to 15 crude tankers, with purchases already underway as the company moves to secure shipping capacity through the Strait of Hormuz. The Dallas-based company, founded and led by chief executive Ben Morrow, specialises in crude oil and refined products trading, supply and …
Markets Deals Commodities Energy Shipping PIF Energy VLCC crude tankers tanker acquisitions Strait of Hormuz oil trading