SCO & BRICS latest news and insights
By Rhod Mackenzie
The Chinese state-owned company Sinopec will be holding a tender to buy large volumes of LNG on the spot market. Analysts fear that the already high prices will return to last year's levels and that previously European bound cargoes will start to flow to Asia.
Chinese companie...
By Rhod Mackenzie
In 2023, Germany will significantly increase its imports of oil products from India. German companies import large quantities of gasoil, which can be produced from Russian oil.
"German imports of petroleum products from India increased twelvefold - from 37 million euros in the...
By Rhod Mackenzie
The low demand for gas in Europe is evidence of the malaise of the European economy. This malaise is particularly noticeable in Germany, whose economy is in a very difficult situation after its rejection of Russian pipeline gas supplies.
Along with record gas prices last year, t...
By Gleb Baranov
September has turned out to be the best month of this year for oil prices so far. Last Friday, West Texas WTI, and on Monday, North Sea Brent, broke through the strong resistance levels, then reaching highs not seen since November: $88.08 and $91.15, respectively.
It was difficul...
By Vladimir Chernov
Germany, which having reduced its reliance on the purchase of pipeline gas from Russia, has now become dependent on Russian fertilizers. The rising energy prices have impacted the operation of the countries chemical enterprises and now Germany imports fertilisers rather than...
By Elena Gorbacheva
After Argentina, Ethiopia, the United Arab Emirates, Saudi Arabia, Egypt and Iran officially join the BRICS next year, its combined GDP will be 37% of the world's. In addition, it will control almost 50% of world oil production and 40% of its exports. The control of energy reso...
