Vivakor Doubles Down on WTI Crude with New 200k Barrel Sales Deal
Vivakor Inc.'s subsidiary VST has signed agreements to sell 200,000 barrels of WTI crude oil monthly from September 2026 through August 2027. This deal adds approximately 2.4 million barrels to the company's annual sales volume and brings Vivakor closer to its target of $2 billion in annualized commercial activity.
The transaction structure aligns with standard physical commodity marketing practices, where VST acts as an intermediary in the supply chain, recognizing only a small percentage of the total contract value as gross profit. Gross profit will vary based on market conditions and delivered volumes rather than representing the full face value of the commercial activity.
According to Chairman James Ballengee, these transactions represent a critical step in expanding Vivakor's supply and trading business, solidifying recurring volume for the VST platform.