SCO & BRICS latest news and insights
By Rhod Mackenzie
The shift of Russian oil and petroleum product exports from Western sanctioned markets to Eastern and Southern markets is almost complete. However, replacing the European market for gas exports, whether pipeline or LNG, has proven to be a challenging task.
In the past two years,...
By Rhod Mackenzie
After the EU banned imports of oil and petroleum products from Russia, it was India, not the United States, that became Europe's main petrol station. By refining Russian oil, it has become the main supplier of petroleum products. India's annual revenues from supplies to the EU ha...
By Rhod Mackenzie
India believes that the world should appreciate its decision to purchase Russian oil instead of criticizing it. Previously, there were calls in the EU to ban India from supplying gasoline and diesel made from Russian oil.
India believes that it is contributing to stabilizing the...
By Uriel Araujo
According to Financial Times, Brazilian imports of diesel from Russia last year skyrocketed, with a staggering 4,600 per cent increase pertaining to total value - from $95 million worth of diesel purchases in 2022 to $4.5 billion. Purchases of fuel oil in turn rose by about 400 pe...
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 Czech Republic is currently making arrangements to shift its oil refineries to the use of non-Russian oil sources. This is despite Russian oil via pipeline supplies being exempt from sanctions on it, as well as for Austria,Hungary and Slovakia, Prague appears to thing that i...
