SCO & BRICS latest news and insights
By Ruslan Mamedov
The Middle Eastern leaders do not consider India either as a potential counterweight to Washington or as a replacement for it; China is better suited for this role. Middle Eastern leaders are ready to develop their economic ties with India, but in spite of its size, India will no...
Amidst the ongoing Russia-Ukraine war, more countries have shifted from decades-long petrodollar, as over a fifth of global oil trade in 2023 were completed in currencies different from the U.S. dollar.
Coming at a time when operators in Nigeria are seeking ways to settle domestic oil and gas trad...
By Rhod Mackenzie
According to Alexey Gromov, the chief director for energy at the Institute of Energy and Finance, shale oil production in the United States has already peaked and will decline after 2025. This will shift the power back to the OPEC+ alliance, which is currently struggling to manag...
By Rhod Mackenzie
According to Alexey Gromov, the chief energy director of the Economic Institute, while BRICS should not take on the functions of OPEC+ in regulating the oil market, the expanded association's 80% share of global oil production will facilitate trade between its members.
Since Ja...
By Jai Hamid
The global financial landscape is undergoing a dramatic transformation, with the BRICS alliance – Brazil, Russia, India, China, and South Africa – at the forefront of a daring initiative to challenge the supremacy of the US dollar.
The year 2023 has been a landmark period for this b...
By Rhod Mackenzie
During a meeting in Beijing on Friday, Wang Yi, member of the Political Bureau of the Communist Party of China (CPC) Central Committee and Chinese Foreign Minister, stated that the people of the Middle East should have control over the fate of their region, and that it should no...
