SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia has been able to withstand the impact of sanctions more easily due to the 'big country trap.' This conclusion was reached by the Institute of Economics of the Russian Academy of Sciences. The scientists explain that if a state is a major player, then limiting its exports,...
By Rhod Mackenzie
Turkey has made up to $2 billion in extra profits in 2023 by importing discounted oil and petroleum products from Russia. Despite Western sanctions, Ankara aims to increase its purchases of Russian energy resources.
Over the past year, Ankara has become the largest buyer of Rus...
By Rhod Mackenzie
Russian oil companies are significantly boosting ESPO grade oil exports through the port of Kozmino, mainly to China via tankers. The shipments from this Far Eastern port reached a historic peak of 925 thousand b/d in December.Analyst attribute the increase to more active rail tr...
By Rhod Mackenzie
According to a report in Kommersant, in the first two weeks of December Russian oil companies sharply increased seaborne exports of diesel fuel, which as a result they recovered to the level of 1 million barrels per day. This was made possible by the almost complete lifting of th...
By Rhod Mackenzie
The market practically overlooked the thirty-sixth meeting of the relevant ministers of the OPEC+ oil club countries on November 30. Although there were production cuts announced of 2.2 million barrels per day (mbd), oil prices briefly increased before decreasing again, ultimatel...
By Rhod Mackenzie
Russia's trading of alliances from Europe to the Middle monarchies has proved lucrative. On 6th December, Russian President Vladimir Putin visited the UAE and Saudi Arabia, and on the following day,the Iranian President Ebrahim Raisi travelled to Moscow for meetings with Putin. T...
