SCO & BRICS latest news and insights
By Rhod Mackenzie
Amidst the acrimonious standoff between Russia and the collective West, Gazprom lost the major portion of its European gas market, accounting for up to 40% of its revenue in times of peace. The challenge now is to ponder over two options: replace the lost Western exports with tho...
By Rhod Mackenzie
Türkey has suspended joint energy projects with Israel, including the exploration and production of hydrocarbon deposits in the Mediterranean Sea and the transit of gas to Europe. Despite recent predictions that these countries would surpass Russia in the EU market, the operation...
By Rhod Mackenzie
On Friday, 27th October 2023, gas prices in Europe saw only a slight change based on the felling that thre are sufficient supply levels and a prediction of warm weather in the region. However, prices remained close to the year's peak. Interestingly, the weather seemed less signif...
By Rhod Mackenzie
India is under pressure due to its unwavering stance on importing oil from Russia. This was confirmed by the Foreign Minister, Subrahmanyam Jaishankar, during a conference in Bhopal.
It should be noted that India has taken a resolute position to defend their right to purchase o...
By Rhod Mackenzie
Having pushed Gazprom out of the European market, the American oil and gas industry is facing a slowdown in its growth in gas production. This could be an unpleasant surprise not only for Europe, but also for Japan and China, the main buyers of American LNG. According to the US D...
By Rhod Mackenzie
The European Union (EU) Council has not yet received any official proposals for the new package of sanctions to be imposed against Russia, according to an official EU representative who spoke to the newspaper Izvestia. However, the European Parliament anticipates that new measur...
