Sou Hu Cai Jing·2025-08-04 17:19Core Points - The U.S. government has reached an agreement with Pakistan to assist in developing its oil reserves, amidst ongoing trade tensions globally [1][3] - The announcement comes after recent meetings between U.S. Secretary of State and Pakistani officials, indicating a shift from tariff discussions to oil cooperation [3] - The U.S. is likely to select major oil companies, such as ExxonMobil and Shell, as partners for this initiative, given their political connections and financial contributions to the Republican Party [8][10] Industry Insights - Global oil consumption is projected to reach 101 million barrels per day in 2024, with the U.S. leading at 18.995 million barrels per day, despite a slight decline [6] - The latest Fortune Global 500 list includes 45 oil and gas companies, with Chinese firms dominating the top ranks, highlighting the competitive landscape in the oil industry [7][8] - The potential for U.S. companies to gain access to Pakistan's oil resources could shift the balance of power in the global energy market, especially against the backdrop of U.S.-China relations [16][20]