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8 October 2026

PIF Energy launches $2bn VLCC buying spree

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Source reporting: Splash247

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PIF Energy launches $2bn VLCC buying spree

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 …

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