SCO & BRICS latest news and insights
By Gleb Baranov
September has turned out to be the best month of this year for oil prices so far. Last Friday, West Texas WTI, and on Monday, North Sea Brent, broke through the strong resistance levels, then reaching highs not seen since November: $88.08 and $91.15, respectively.
It was difficul...
By Leonid Tsukanov
Saudi Arabia persistently moves quickly into the group of “peacekeeping powers”. For Riyadh, active diplomatic work is an element of the competition for the right to be considered athe heart of the power of the new world order, an attempt to "reset" the country's image and get r...
By Mikatekiso Kubayi
The BRICS bloc was dismissed by many in the beginning, with some arguing that it does not hold sufficient power to change anything, let alone contend with the global hegemons. But BRICS is not about challenging anyone. It is about fostering cooperation and collaboration to fin...
By Olga Samofalova
India is promising to drastically cut its purchases of Russian oil as the price of Middle Eastern oil has become more attractive. It would be a major blow for Russia to lose such a large buyer, and particularly given the current sanctions. However, analysts are confident that...
The Russian Federation may extend the reduction in oil exports that began in the summer to October, but there is no final decision yet. In July-August, the country reduced supplies abroad by 500,000 barrels per day (b/d), and in September it promises to keep the decline at 3
00,000 b/d. The expecte...
By Xie Wenting in Johannesburg and Chen Qingqing in Beijing
The BRICS countries welcomed six new members from three different continents on Thursday, marking a historic milestone that underscored the solidarity of BRICS and developing countries and determination to work together for a better futur...
