SCO & BRICS latest news and insights
By Rhod Mackenzie
The American oilfield servicing giant SLB (formerly Schlumberger) is pursuing expansion in Russia this is despite the withdrawal of major competitors following the onset of the Ukraine conflict in 2022, this is according to a Financial Times report citing customs filings and empl...
By Rhod Mackenzie
At last there is some good news for the Russian gas giant Gazprom it has announced a new record for gas supplies to China. Currently, China is not the only market for Russian gas, with Europe also purchasing more of the blue fuel this year. What factors are driving the increased...
The price of liquefied natural gas (LNG) on European and American exchanges has reached its lowest level in months. The causes of the price decline are distinct. In Europe, the primary factor is industrial stagnation, which has led to a reduction in fuel consumption. In the United States, the market...
By Rhod Mackenzie
Russia is experiencing a surge in oil revenue. In May, budget revenues increased by almost 50%. The total volume of oil and gas revenues for the first four months of 2024 was approximately 4.16 trillion rubles. Experts cite three main reasons for the growth: an increase in world...
In a new development, the European Union has taken the step of imposing sanctions on Russian gas. However, the EU has not yet taken the more severe action of banning Russian liquefied natural gas (LNG). Instead, the EU has introduced a separate measure allowing the purchase of Russian LNG. What has...
In April 2024, China imported a total of 14.737 billion cubic metres (in the form of liquefied natural gas and through pipelines). This represents a 6.5% increase compared to the previous year, according to a report from the General Administration of Customs of the People’s Republic of China. This r...
