SCO & BRICS latest news and insights
On 23 January, three days after his inarguaration as the US President Donald Trump called on OPEC countries, primarily Saudi Arabia, to lower oil prices. He expressed surprise that they had not done so prior to the US elections. Trump's strategy involves using lower oil prices to persuade Russia to...
The Biden presidency is just days from its end and that normally means that not a lot happens before the incoming administration takes office,however the Biden presidency has been marked by a level of vindictiveness rarely seen in politics and that has continued this week with the announcement of fu...
In response to the Ukraine crisis, the United States and its allies imposed economic sanctions on Russian oil in February 2022. Later that year, they introduced a $60 cap on crude and an embargo on Russian seaborne oil, with the aim of hurting the country's economy while ensuring the continued flow...
It has been reported that fellow BRICS founder member,India, is prepared to enter into a long-term contract with Russia for the supply of a very substantial volume of oil. Moreover , it is its intention to conclude this matter as expeditiously as possible. The urgency of this decision may be indicat...
In his speech from the rostrum at the 17th Verona Eurasian Economic Forum, Igor Sechin, Chairman of the Forum and CEO of Rosneft, stated that the total value of Russia's natural resources is approxamitely $100 trillion. He stated that this figure is almost twice that of the United States. Plus its...
If you tell an oil industry professional that oil is running out, they are likely to either dismiss your assertion or cite statistical data indicating that oil production has been increasing since the 1970s, when the topic first gained prominence. However, if you pose the same question to an explora...
