SCO & BRICS latest news and insights
The anticipated influx of liquefied natural gas (LNG) from the US to Europe, which was expected to replace Russian pipeline gas, is experiencing a decline in market share this year. Conversely, the share of Russian LNG in the EU is increasing. We are seeking to identify the countries in Europe where...
By Rhod Mackenzie
Well its now official, Turkey has applied to join the BRICS,after months of hints and statements by the Foreign Minster the Prime Minister Recep Erdogan they have applied to join the organisation.
Now is this "A significant geopolitical development that suggests the emergence of...
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...
