SCO & BRICS latest news and insights
Amidst the ongoing Russia-Ukraine war, more countries have shifted from decades-long petrodollar, as over a fifth of global oil trade in 2023 were completed in currencies different from the U.S. dollar.
Coming at a time when operators in Nigeria are seeking ways to settle domestic oil and gas trad...
By T.N. Ninan
Continuing with last weekend’s quarter-century theme, it is instructive to look back at the long-term forecast that captured the world’s imagination early in the new century.
Famously (some would say infamously), Goldman Sachs forecast that four emerging “BRICS” economies (Brazil,...
By Rhod Mackenzie
Bloomberg believes that 2023 will be the second consecutive year of record oil production in Russia. The oil boom is evident in both the volume of oil exports and its value.
According to BCS Global Markets oil and gas analyst Ronald Smith, Russia has demonstrated greater indepe...
By Rhod Mackenzie
According to the International Labor Organization, real wages increased in only three countries in the world in 2023: Russia, Mexico, and China. Although Russia experienced the fastest growth in salaries, not all Russians were able to benefit from this statistical indicator.
Des...
By Rhod Mackenzie
China is attempting to avoid a recession by investing in manufacturing and increasing exports. According to Bloomberg analysts, this strategy is complicated by ongoing trade wars with the United States and EU countries, as each nation vies for influence on the global stage. For m...
By Rhod Mackenzie
According to the Union of Grain Exporters, Turkey remained the primary importer of Russian grain and wheat during the first half of the 2023-2024 season (from July 1, 2023 to June 30, 2024).
According to the union's telegram channel, Turkey remained the top importer of Russian...
