scorecardresearch
Add as a preferred source on Google
Friday, April 3, 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

Where did Ramayana spend Rs 4000 cr budget? Ranbir Kapoor’s de-ageing or copycat rakshasas

The VFX effects are what you’d expect from a run-of-the-mill video game or a mediocre fantasy show. But a film that supposedly cost thousands of crores? The audience deserves more.

RBI trading ban rocks $149 billion-a-day offshore rupee market

The central bank has rolled out some of its toughest measures in more than a decade to curb speculation & support the currency, which has been setting successive record lows this year.

India sharpens foreign media outreach in post Op Sindoor world, new strategy in play

Three-day conflict between India and Pakistan underscored the growing importance of information warfare as a critical domain alongside conventional military operations.

Gulf war exposed India’s fragilities. It’s time for navel-gazing, in the national interest

It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.