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Wednesday, December 3, 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

The politics of air pollution—how they are fooling the citizens

Greens have a sizeable support in the Western countries with clean air and blue skies, but not in India, where poisonous air, water and soil kill millions.

India’s Insolvency & Bankruptcy Code is struggling to deliver. It’ll take a decade to clear backlog

The Centre is considering an increase in the National Company Law Tribunal's bench capacity, while the Standing Committee of Finance suggests fast-track courts. 

India to commission new squadron of submarine-hunting Romeo choppers in Goa later this month

The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.

Gaali cricket: Bavuma stands tall, India’s Test ego cut to size

The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.