SCO & BRICS latest news and insights
By Rhod Mackenzie
Of all the currencies in the G20 countries, the ruble is considered the most undervalued. Analysts from Finam have calculated that the real exchange rate is only 33 rubles per dollar, which is three times lower than the official rate. The analysts explore whether the ruble truly...
By Rhod Mackenzie
The military conflict in Israel could have grave consequences for the global energy market. In the best-case scenario, the oil market could be only be deprived of Iranian oil, causing price hikes exceeding £75 per barrel. The worst possible scenario entails a repeat of the 1973...
By Rhod Mackenzie
The General Administration of Customs of the People's Republic of China's decision to lift the prohibition on the exports pork from Russia was an unexpected development itsr pig farmers. Talks went on for almost 15 years. China refused to allow Russian pork imports, even when ASF...
By Rhod Mackenzie
The Asia-Pacific region's (APR) share of global oil and gas condensate imports is set to increase from 64% in 2022 to nearly 72% by 2045, according to OPEC's annual report, World Oil Outlook 2045 (WOO). Accordingly, oil and gas condensate supplies to the region will surge by 9.6...
By Rhod Mackenzie
Brent crude prices have rebounded to $90 per barrel, while WTI has soared over $86 per barrel due to the alarming deterioration of the Middle East situation, an area that produces almost a third of the world's oil.
Gold predictably rose on fear of risk. The yellow metal, whose...
By Rhod Mackenzie
There is some intrigue going on among analysts in the Oil and Gas sector as last week Brent oil prices were nearing £100 per barrel, with some global oil brands exceeding this figure. However, today Brent is trading at £84 per barrel, and analysts have connected this decrease in...
