Pakistan Weighs First-Ever U.S. Oil Imports to Reduce Trade Surplus

Pakistan is actively considering the idea of importing U.S. crude oil for the first time to seek a reduction of its trade surplus with America and avoid one of the highest tariffs – currently paused – on its goods sold in the United States. Crude oil is one of the products that Pakistan is actively exploring to buy from the U.S. to appease President Donald Trump, a Pakistani government source and an executive at a local refinery told Reuters on Tuesday. Pakistan imported about 140,000 barrels per day (bpd) of crude oil last year, mostly…