[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Stock Market Insights With The Bull! (India) [@TheBullCharge](/creator/twitter/TheBullCharge) on x 1572 followers Created: 2025-07-22 01:07:39 UTC ▪ Sri Lanka opts for US crude in bid to narrow trade balance Sri Lanka is considering the purchase of crude oil from the US as part of its efforts to correct the trade imbalance with Washington, an official said on Monday. The development comes ahead of the August X deadline for negotiations on tariffs imposed by the Donald Trump-led administration. Head of the state fuel entity Ceylon Petroleum Corporation (CPC) Janaka Rajakaruna told reporters that the West Texas Intermediate (WTI) crude oil would be invited to participate in Sri Lanka's competitive tender bids to buy crude oil. Sri Lanka currently buys its entire crude oil requirements from Middle Eastern sources. "We are open for competitive bids to supply crude by WTI," Rajakaruna said. He added that before an invitation is extended for the competitive bidding process, steps would be taken to obtain samples from WTI to test whether the crude could be refined in the CPC refinery. #SriLankaNews #USA #Crudeoil #TradeDeal XX engagements  **Related Topics** [tariffs](/topic/tariffs) [gdp growth](/topic/gdp-growth) [sri lanka](/topic/sri-lanka) [sri](/topic/sri) [india](/topic/india) [stocks](/topic/stocks) [Post Link](https://x.com/TheBullCharge/status/1947463516472098916)
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Stock Market Insights With The Bull! (India) @TheBullCharge on x 1572 followers
Created: 2025-07-22 01:07:39 UTC
▪ Sri Lanka opts for US crude in bid to narrow trade balance
Sri Lanka is considering the purchase of crude oil from the US as part of its efforts to correct the trade imbalance with Washington, an official said on Monday.
The development comes ahead of the August X deadline for negotiations on tariffs imposed by the Donald Trump-led administration.
Head of the state fuel entity Ceylon Petroleum Corporation (CPC) Janaka Rajakaruna told reporters that the West Texas Intermediate (WTI) crude oil would be invited to participate in Sri Lanka's competitive tender bids to buy crude oil.
Sri Lanka currently buys its entire crude oil requirements from Middle Eastern sources.
"We are open for competitive bids to supply crude by WTI," Rajakaruna said.
He added that before an invitation is extended for the competitive bidding process, steps would be taken to obtain samples from WTI to test whether the crude could be refined in the CPC refinery.
#SriLankaNews #USA #Crudeoil #TradeDeal
XX engagements
Related Topics tariffs gdp growth sri lanka sri india stocks