30 Apr 2026

On the other side of the world, China’s economic signals are shifting.

While trade dynamics fluctuate, attention is turning to its energy position. Estimates suggest China holds roughly 1.4 billion barrels in oil reserves—enough to cover about six months in a worst-case disruption scenario . At the same time, efforts by BRICS nations to move away from the U.S. dollar in oil trade have made limited progress, with the dollar still dominating global transactions. China has long relied on discounted oil imports from countries like Iran and Venezuela, but geopolitical pressures may complicate that strategy. Amid global tensions and proxy conflicts, the broader strategic rivalry between the U.S. and China remains a defining theme. Source: NY Times, Rothmus on X

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