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Thursday, April 30, 2026
TopicOil reserve

Topic: oil reserve

Strategic petroleum reserves: Why India needs bigger oil buffers & how others compare | Cut The Clutter

This is the transcript of Ep 1830 of Cut the Clutter, where Shekhar Gupta explains why strategic petroleum reserves are a national necessity & how India compares with China, US & Japan.

India’s strategic oil reserves tell a tale of structural constraints & stalled expansion. Here’s why

India’s oil reserves, which can last just 74-75 days, are much less than other major economies. Japan, for instance, holds reserves for 254 days.

Build-up stalled, House panel pulls up govt on underutilisation of funds for new crude storage sites

Parliamentary panel recommended that ministry, oil marketing companies explore building more underground storage caverns in geologically suitable locations to bolster energy security.

Trump has big plans for Venezuela’s oil. Are they realistic?

Trump is urging Exxon Mobil, Chevron, ConocoPhillips and others to invest $100 billion to rebuild the sector. The companies themselves are cautious if not circumspect.

Exxon calls Venezuela ‘uninvestable’ as Trump pushes his oil plan

‘If you don’t want to go in, just let me know, because I’ve got 25 people that aren’t here today that are willing to take your place,’ Trump told executives.

Venezuela interim govt to turn over 50 million barrels of sanctioned oil to USA, says Trump

US President further said the oil will be sold at market price, and proceeds will be controlled by him to ensure they benefit Americans and Venezuelans.

Pakistan has a plan to shore up oil exploration. An artificial island 30 km off Sindh coast

After a renewed interest in Pakistan's 'massive oil reserves' by US President Trump, drilling efforts in the country have seen a drastic increase.

More rhetoric than reality? What are ‘massive’ Pakistani oil reserves Trump has promised to develop

Remains to be seen whether US promise is more rhetoric than reality, Pakistani economist Javed Hassan tells ThePrint. He says Trump’s posts suggest desperation to get India deal. 

Hours after slapping tariffs on India, Trump declares deal with Pakistan to develop oil reserves

American president did not name oil company which will lead exploration & development of Pakistan’s oil reserves. The bilateral tie has seen an uptick especially after Op Sindoor.

What happened in Assam’s Baghjan — doctor who worked at Oil India for 30 yrs breaks it down

On 9 June, a massive fire broke out at an oil field in Assam's Baghjan. A doctor who previously worked with the company explained the incident. Read full text here:

On Camera

New promo video by PLA Navy is a teaser of China’s deep blue capabilities

Rather than functioning as conventional propaganda, the video operates as a device for interpretation, subtly shaping expectations about future developments in China’s naval trajectory.

Adani’s giant copper plant hits technical setbacks in first year

The 500,000 tonne-per-year plant produced just 94,000 tonnes of refined copper from April 2025 to February this year.

Indian drone tech company ideaForge signs MoU with Japanese firm to develop next-gen AI powered drones

By pairing Indian drone engineering with Japanese semiconductor expertise, the two firms aim to develop more advanced autonomous systems tailored to both defence & commercial use.

Trump, Netanyahu’s Iran gamble: The regime change rebound

American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.