By Rhod Mackenzie
A Russian oil price indicator will appear in September. It will be calculated by the St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX), which, through the registration of transactions, tracks of almost all export oil flows, both pipeline and offshore. How...
By Rading Gerro
As more countries are considering joining BRICS, the bloc of emerging economies, experts in Kenya are now urging the new administration to follow suit for economic and trade benefits.
The 15th summit of BRICS, comprising Brazil, Russia, India, China and South Africa, will be hel...
By Andrey Maslov and Vsevolod Sviridov
Africa (with all the usual caveats about its diversity) sees Russia as primarily a promising trade partner and a guarantor of its food and energy security) and, generally a long-term reliable partner for development. At a new stage, after Russia’s withdrawal...
By Rhod Mackenzie
Despite the apparent slowdown in the recovery of the Chinese oil economy, ironically, it needs more and more. Thus, according to Oil Price, in June, China's oil imports grew in annual terms, i.е. compared to June 2022, by almost half (45.3%)! Beijing bought an average of 12.67 mi...
By Rhod Mackenzie
The global reversal of Russian trade from west to east and south has taken place, the Federal Customs Service ( FCS) stated. The sanctions have helped boost trade with countries including China, India, Turkey and Azerbaijan. However, the drastic change in logistics have inevitab...
By Rhod Mackenzie
The core rate of inflation in the euro area in June increased, according to Eurostat, to 5.5% in annual terms and exceeded the expectations of specialists who had predicted 5.4%. In May, we recall, this indicator, which does not take into account the most volatile prices - for el...