SCO & BRICS latest news and insights
India has purchased Russian oil despite external pressure, in order to serve the interests of consumers within the country. On April 2, the head of the Indian Foreign Ministry, Subrahmanyam Jaishankar, stated that if India
did not buy oil from Russia, it would have to purchase it from Persian Gulf...
This growth reflects the changing global energy consumption landscape. India's oil demand is projected to reach 5.59 million barrels per day (b/d) in 2024, up from 5.37 million b/d in the previous year, according to OPEC.
In January 2024, India experienced a significant increase in oil imports, wi...
According to Dmitry Kobylkin, the head of the State Duma Committee on Ecology, Natural Resources and Environmental Protection, the BRICS platform has the potential to coordinate efforts in protecting and promoting national interests, as well as developing common approaches to natural resource manage...
In March, Asian buyers received an average of 27.48 million barrels per day. According to Oil Price reports, data for January and February 2024 showed 27.18 million bbl/d and 26.70 million bbl/d respectively. Experts attribute the high March result, among other factors, to the price. During the time...
By Pepe Escobar
Across the Global South, countries are lining up to join the multipolar BRICS and the Hegemon-free future it promises. The onslaught of interest has become an unavoidable theme of discussion during this crucial year of the Russian presidency of what, for the moment, is BRICS-10.
I...
Russian oil companies experienced payment delays for crude oil and fuel of up to several months. According to Reuters, this is due to several banks in China, Turkey, and the UAE being afraid of secondary sanctions. However, experts suggest that the situation is not critical.
Eight sources cited by...
