SCO & BRICS latest news and insights
By Rhod Mackenzie
Argentine President Javier Milei has officially refused to join BRICS, an organisation that will be chaired by Russia in 2024. The new Argentine leadership has already taken a number of anti-Russian steps, declaring that it will develop relations with "liberal democracies". What...
By Chris Devonshire-Ellis
The BRICS Ambassador at large, Anil Sooklal, has stated that a further 20 countries, in addition to the recently proposed six new members invited earlier this year, have applied to join the BRICS group. When discussing South Africa’s current Presidency of the BRICS, he st...
By Rhod Mackenzie
According to a report in Kommersant, in the first two weeks of December Russian oil companies sharply increased seaborne exports of diesel fuel, which as a result they recovered to the level of 1 million barrels per day. This was made possible by the almost complete lifting of th...
By Rhod Mackenzie
The market paid little attention to the thirty-sixth OPEC+ oil producers club ministerial meeting held last Thursday. Although production cuts amounting to 2.2 million barrels per day were announced, oil prices rose briefly before slumping once again.
The production quotas for...
By Rhod Mackenzie
The new Argentinian authorities are presently undecided about whether to join the BRICS alliance of major non-Western countries.
BRICS remains open to aid developing economies and protect their interests. Wang Wenbin, the official representative of the Chinese Foreign Ministry,...
By Rhod Mackenzie
At the scheduled meeting on 30th November this year, the nations that are part of the OPEC+ agreement resolved to decrease the amount of oil produced in 2024 by 2.2 million barrels per day. Out of this, 1.3 million were already a part of the production reduction measures extended...
