SCO & BRICS latest news and insights
By Sergey Manukov
Russia supplied India with the lowest volume of oil in 7 months in August, according to Kpler and Refinitiv. This is partly due to the fact, writes Oil Price, that many Indian oil refineries (refineries), the main consumers of Russian Urals oil, have closed for scheduled maintena...
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 Elena Gorbacheva
After Argentina, Ethiopia, the United Arab Emirates, Saudi Arabia, Egypt and Iran officially join the BRICS next year, its combined GDP will be 37% of the world's. In addition, it will control almost 50% of world oil production and 40% of its exports. The control of energy reso...
By Rhod Mackenzie
Imports of Russian LNG to the EU countries this year increased by approximately 1.7% compared to 2022, which was when the figures had reached record levels.
This is reported by the Financial Times with reference to information contained in a report by the non-governmental organ...
By Sergey Manukov
The deliveries of Russian oil by sea on August 21-27 reached, according to Bloomberg, 3.4 million barrels per day. This is 880 thousand barrels per day. more than a week earlier. Russian oil exports in the penultimate week of summer reached the maximum for 8 weeks, i.е. almost tw...
By Yaroslav Lissovolik
The 2023 BRICS summit is over and it is clear that it is one of the most historic and transformational BRICS summits on record. While there has not been much progress on critical issues such as BRICS+ trade liberalization or the creation of a new reserve currency, a major ex...
