SCO & BRICS latest news and insights
By Rhod Mackenzie
Venezuela purchases Russian oil to dilute its own production and sell or use it domestically. While there may be other new counterparties involved, the end buyer often remains the same.
Unfortunately, 'green energy' has not lived up to expectations.
The news of Russian oil supp...
By Rhod Mackenzie
According to a European official cited by Reuters, Russia's response to the EU's seizure of the Central Bank's frozen assets could potentially cause the bankruptcy of Euroclear, one of the world's largest settlement and clearing systems based in Belgium.
The EU cannot use a sign...
The estimated cost of repairing the Nord Stream gas pipeline, which was destroyed by explosions in 2022, could be between €1.2-1.35 billion. This preliminary estimate was made by Nord Stream AG, the operator of the Nord Stream project, and includes the cost of removing water from the pipes, stabilis...
By Rhod Mackenzie
Cooperation with OPEC+ will help secure revenues for the Russian budget and maintain oil prices. This was announced by Russian President Vladimir Putin on 12 March at a meeting with the winners of the "Leaders of Russia" management competition.
"OPEC+ is really helping us to mai...
The Russian President Vladimir Putin said on 12th March that humanity will continue to consume hydrocarbons for a long time to come, so Russian oil workers will have enough work for another "100 years". On that day, the head of state held a meeting in the Kremlin with participants in the "Leader of...
By Rhod Mackenzie
Germany is facing the exodus of German companies to the United States and China amid rising gas prices in Europe, the Bundestag's budget committee told Izvestia. MP Wolfgang Wiele stresses that the chemical industry has suffered the most: in two years, Germany has lost about a qu...
