KARACHI/SINGAPORE: Pakistan’s largest refiner, Cnergyico, will import one million barrels of oil from Vitol in October, its vice chairman Usama Qureshi told Reuters on Friday, marking the...

Light crude cargo will be loaded from Houston this month and is expected to arrive in Karachi in second half of October.

Pakistan is set to make its first-ever purchase of US crude oil, with a cargo from Houston expected to arrive in Karachi by October. This follows an announcement by US President Donald Trump about a deal to develop what he termed “massive oil reserves” in Pakistan. The development is being viewed as significant posturing by the US, with the transcript noting, "it also shows a certain dominance by the USA in Pakistan." This landmark trade deal, involving Synergico and Witol, comes at a time when the strong alliance forged between the US and India under President Trump and Prime Minister Narendra Modi is perceived to be under strain. The situation suggests potential shifts in regional dynamics, especially when India's independent decisions appear to diverge from US expectations.