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Wednesday, April 29, 2026
TopicOil Trade

Topic: Oil Trade

Chinese commentary on Iran protests — serious but not regime-threatening

The views of analysts reflect a wider Chinese tendency to emphasise regime resilience and caution against overstating the impact of what they are calling as ‘street mobilisation’.

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'.

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.

Iran oil sanctions will hurt more than you think

Under Obama, Iran's crude and condensate exports fell by around 1.2 million barrels a day. Under Trump, it seems the decline will be bigger and faster.

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.