SCO & BRICS latest news and insights
By Rhod Mackenzie
Amidst the acrimonious standoff between Russia and the collective West, Gazprom lost the major portion of its European gas market, accounting for up to 40% of its revenue in times of peace. The challenge now is to ponder over two options: replace the lost Western exports with tho...
By Rhod Mackenzie
Russia intends to decrease diesel exports from major ports in the West by more than half. It's worth noting that Russian oil refineries (ORPs) have managed to increase oil refining, despite preventative measures. Additionally, the domestic fuel market in the country has stabilise...
By Rhod Mackenzie
Türkey has suspended joint energy projects with Israel, including the exploration and production of hydrocarbon deposits in the Mediterranean Sea and the transit of gas to Europe. Despite recent predictions that these countries would surpass Russia in the EU market, the operation...
By Rhod Mackenzie
There is mounting evidence that Apple is losing its Chinese customer base. Primarily, this pertains to the newest iPhone 15 model, which has not been selling well in this crucial foreign market. Its sales declined by 6% in September compared to the previous year, according to the...
By Rhod Mackenzie
On Friday, 27th October 2023, gas prices in Europe saw only a slight change based on the felling that thre are sufficient supply levels and a prediction of warm weather in the region. However, prices remained close to the year's peak. Interestingly, the weather seemed less signif...
By Rhod Mackenzie
India is under pressure due to its unwavering stance on importing oil from Russia. This was confirmed by the Foreign Minister, Subrahmanyam Jaishankar, during a conference in Bhopal.
It should be noted that India has taken a resolute position to defend their right to purchase o...
