SCO & BRICS latest news and insights
By Rhod Mackenzie
India's decisions regarding its energy procurement are solely based on its national interests and are not influenced by the opinions of foreign powers. This statement was made by Subrahmanyam Jaishankar,the Indian Minister of External Affairs, during his address to the annual c...
By Rhod Mackenzie
China increased the volume of oil and natural gas imports by 12.1% and 8.5% respectively in January-November 2023, according to data released on Thursday by the General Administration of Customs of the People's Republic of China.
During the reporting period, China imported 515...
By Rhod Mackenzie
Russia's net revenues from oil sales in October amounted to $11.3 billion, or 31% of the country's total budget revenues for the month. This was the highest figure since May 2022 and exceeds the figure for any month before the start of the Russian special military operation in Uk...
By Rhod Mackenzie
Bulgaria intends to no longer use Russian oil, rendering the efforts of the Russian oil company Lukoil, who own and operate a local refinery, futile. In response, Lukoil is prepared to sell their assets in Bulgaria prior to the authorities seizing the plant by force. How intentio...
By Rhod Mackenzie
At the scheduled meeting on 30th November this year, the nations that are part of the OPEC+ agreement resolved to decrease the amount of oil produced in 2024 by 2.2 million barrels per day. Out of this, 1.3 million were already a part of the production reduction measures extended...
By Rhod Mackenzie
Abu Dhabi's choice to discard the dollar in its trade demonstrates the significant changes the world has undergone in recent years.
There is a new addition to the de-dollarisation supporters, according to cryptopolitan.com, the United Arab Emirates (UAE) has ceased using the Ame...
