SCO & BRICS latest news and insights
By Rhod Mackenzie
The military conflict in Israel and the Palestinian territories have caused strain on the global economy and financial system that were already struggling. Although the initial impact has been moderate, investors remain apprehensive about other equally pressing issues. If the hos...
By Rhod Mackenzie
For the first time, Brussels announced with pride that it was ahead of schedule for the filling of the underground gas storage facilities (UGS) for the upcoming winter in August. By the end of summer, the UGS had reached 90% of their total capacity, which was the mandated require...
By Rhod Mackenzie
Russia's United Oil- and Gas-Chemical Co. (ONGK) and China's Xuan Yuan Industrial Development have agreed to jointly invest 5 billion yuan (£557 million) to construct a transshipment oil complex in the far east of Russia, according to the Roscongress fund.
The complex will enab...
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...
The UN has acknowledged that Russia's economy has experienced growth, which is an accomplishment that few G20 countries have attained. Despite the sanctions, Russia's overall exports have remained relatively unchanged, oil and gas revenues are now experiencing monthly growth. However, it is still p...
By Rhod Mackenzie
The refusal of Russian gas by many European nations last year, coupled with the resulting energy crisis, compelled Europeans to seek out "blue fuel" from around the globe, despite its high transport costs or price. The augmented demand for gas not only rendered the European gas m...
