SCO & BRICS latest news and insights
By Rhod Mackenzie
China is taking advantage of lower global energy prices for coal and natural gas to secure supplies ahead of the summer season. Bloomberg has published an article on this topic.
At the end of April, gas imports into the country increased by 21% compared to the same period last...
By Rhod Mackenzie
Last year, Russia earned nearly $187 billion from supplying oil, gas, and coal to several friendly countries. This amount is $56 billion more than the average level of supplies to European countries before they imposed anti-Russian sanctions. RIA Novosti calculations were used to...
By Rhod Mackenzie
While many countries are moving away from using coal to consign its use to history, China continues to increase its consumption. This commitment to coal seems to contradict China's impressive successes in green technologies and poses a threat to global efforts to combat climate ch...
The International Energy Agency (IEA) predicts that China will produce one-third of the world's electricity next year. China's ever expanding power grid is driving growth in its manufacturing industry, which in turn affects the economies of its trading partners such as the USA, Europe, and Japan. Fu...
By Rhod Mackenzie
During January-October 2023, China experienced a 14.5% surge in oil imports and an 8.8% increase in natural gas imports, as per the General Administration of Customs of the People's Republic of China's Tuesday report.
During the reported period, China imported 473.21 million ton...
By Rhod Mackenzie
The Asia-Pacific region's (APR) share of global oil and gas condensate imports is set to increase from 64% in 2022 to nearly 72% by 2045, according to OPEC's annual report, World Oil Outlook 2045 (WOO). Accordingly, oil and gas condensate supplies to the region will surge by 9.6...
