SCO & BRICS latest news and insights
By Rhod Mackenzie
A number of leading oil companies in India are considering the possibility of using revenues from assets in Russia totalling $600 million to buy oil from the Russian Federation because of difficulties in repatriating dividends, The Economic Times newspaper reported, citing offici...
By Rhod Mackenzie
There are no problematic issues in the negotiation process on the gas hub project in Turkey with the Russian side, at this stage Ankara is only studying the market, the parties are aiming at active work, a source in the Turkish energy sector involved in the development of the pro...
By Rhod Mackenzie
China's post-pandemic recovery will lead to a sharp rise in oil demand in the coming months, the IEA predicts. Until now, Western analysis has been dominated by scepticism about the prospects for the Chinese economy. Oil prices responded to the agency's report with growth. This w...
By Rhod Mackenzie
The OPEC+ countries participating in the deal reduced their production by 20 thousand barrels per day in August compared to July, to 35.99 million barrels per day, the overhang of quotas amounted to 3.59 million barrels per day, according to the monthly report of the Internationa...
By Timofey Bordachev
The capital of the Russian Far East, Vladivostok, is currently hosting the annual Eastern Economic Forum (EEF) - a major public event and showcase for the country's pivot to the East.
This ambitious policy was adopted by Moscow just over a decade ago, when President Vladimir...
By Rhod Mackenzie
The EU reports a sharp fall in its dependence on Russian oil and gas, but the US share of its imports has risen sharply. How does this threaten Europe?
Eurostat reports that by the end of June 2023, dependence on oil from Russia will have fallen from 29.2 per cent to 2.3 per ce...
