SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia will maintain a voluntary reduction in the supply of oil and petroleum products to global markets by 300 thousand barrels per day until the year-end. Alexander Novak, the Russian Deputy Prime Minister, informed reporters on November 5th.
"A market analysis will be conduct...
By Rhod Mackenzie
The General Administration of Customs of the People's Republic of China's decision to lift the prohibition on the exports pork from Russia was an unexpected development itsr pig farmers. Talks went on for almost 15 years. China refused to allow Russian pork imports, even when ASF...
By Rhod Mackenzie
Since the beginning of 2023, the price of Russian oil in rubles has increased by 1.5 times and has exceeded 8 thousand rubles per barrel. This is brought about not only by the high price of oil itself and the low exchange rate of the ruble, but also by the fact that Russian oil e...
By Rhod Mackenzie
The Russian Minister of Agriculture, Dmitry Patrushev informed the State Duma deputies that internal enterprises will buy 5.4 million tonnes of mineral fertilisers by the end of 2023. Concurrently, the quantity of fertiliser application will rise to 65 kilograms per hectare. To p...
By Rhod Mackenzie
On the morning of Thursday 28 September 2023, the price of oil continued its rise that began the day before. It was triggered by growing concerns among market participants about fuel shortages that could lead to supply constraints ahead of winter.
In addition, markets continue...
By Rhod Mackenzie
For the first time in at least three years, Russia has more than doubled its grain exports. According to the Federal Customs Service, by mid-September exports had reached 44.6 million tonnes. At the same time, the share of agricultural exports to 'so called' friendly countries ros...
