scorecardresearch
Add as a preferred source on Google
Wednesday, November 12, 2025
TopicOil Trade

Topic: Oil Trade

US picking on India for trade concessions—ex-MEA adviser responds to Trump adviser’s ‘Russia oil math’ take

Global media looks at how US-India relationship is in jeopardy, while Pakistan has 'quietly & successfully navigated Trump's political world'.

Russia-India oil trade to continue, Putin to meet Modi in Delhi by end of year, says embassy official

Roman Babushkin said Moscow has 'special mechanism' to continue oil supplies to India, slashing fears about negative impact on crude trade post Putin-Modi meeting in Alaska.

What is a shadow fleet, central to Iran’s oil trade & now facing fresh US sanctions

US sanctions part of efforts to cut Iran’s crude exports to zero & prevent country from advancing its nuclear programme. Tehran's oil exports generated around $53 bn in revenue in 2023.

At Gulf summit in Riyadh, Chinese President Xi Jingping calls for oil trade in yuan

Xi Jingping's move would support China's goal to establish its currency internationally and weaken the US dollar’s grip on world trade.

India to diversify oil imports after surprise output cuts by OPEC, its allies

Oil minister Hardeep Singh Puri warned that these cuts could tip the world into recession. He also informed that Indian firms have signed new oil supply deals with Colombia and Brazil.

As purchases continue, Modi govt proposes settling trade with Russia in rupees

India has previously used a rupee-ruble mechanism, which has fallen out of favor this time around due to extreme volatility in the Russian currency.

Putin may need to depend more on India, China should EU ban Russian oil

EU leaders agreed to pursue a partial embargo on Russian crude oil shipped on sea, potentially costing Putin up to $10 billion a year in lost export revenue.

Suez Canal blocked as massive cargo ship runs aground in Egypt, causes pileup of 100 vessels

The hull of Ever Given became wedged lengthways across the canal Tuesday, causing a pileup of at least 100 vessels seeking to transit between the Red Sea and Mediterranean.

Oil, Chabahar, ‘violence against Muslims’ — why India-Iran ties are going into free fall

The Iranian establishment has criticised India for ‘organised violence’ against Muslims, and New Delhi has reprimanded the country’s envoy.

Saudi assures India of meeting all oil supply commitments following drone attack

Saudi Oil Minister Prince Abdulaziz bin Salman spoke to Union Minister Dharmendra Pradhan Thursday. The country is India's second-largest oil supplier.

On Camera

This era has made journalistic independence harder than ever: New York Times publisher

Journalist Arthur Gregg Sulzberger delivered the Reuters Memorial Lecture on 4 March last year.

India’s factory data may get reality check in MoSPI’s new IIP plan, defunct factories to be dropped

MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.

‘Let them see’: Putin says new nuclear-powered missiles in the making, in message to Washington

At a ceremony felicitating Russian military engineers, Putin highlights Moscow’s 'parity' in defence technologies for the next century.

Bihar is where politics moves, and everything else stands still

Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.