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...
By Rhod Mackenzie
Despite an almost 45% increase in LNG supplies from the US, Europe continues to receive it from Russia. Why it turned out to be more difficult to abandon Russian gas than Brussels had hoped for.
Not subject to sanctions
The topic of the impossibility - at least for now - to mo...
By Rhod Mackenzie
The share of US government debt in the reserves of foreign countries continues to decline. According to data from the US Treasury Department, in May, China and Japan set the tone for the continued decline in foreign investment, especially energetically getting rid of US governmen...
By Rhod Mackenzie
J P Morgan, the largest US bank, believes that investors who bet that the US dollar will continue to reign supreme in the global financial system do not take into account a number of factors. The main ones, writes Bloomberg, are the growing political instability in the United Sta...