SCO & BRICS latest news and insights
In March, Asian buyers received an average of 27.48 million barrels per day. According to Oil Price reports, data for January and February 2024 showed 27.18 million bbl/d and 26.70 million bbl/d respectively. Experts attribute the high March result, among other factors, to the price. During the time...
By Pepe Escobar
Across the Global South, countries are lining up to join the multipolar BRICS and the Hegemon-free future it promises. The onslaught of interest has become an unavoidable theme of discussion during this crucial year of the Russian presidency of what, for the moment, is BRICS-10.
I...
Russian oil companies experienced payment delays for crude oil and fuel of up to several months. According to Reuters, this is due to several banks in China, Turkey, and the UAE being afraid of secondary sanctions. However, experts suggest that the situation is not critical.
Eight sources cited by...
By Rajiv Bhatia
On 1 January 2024, the chairship of BRICS shifted from South Africa to Russia, with a full agenda in tow. BRICS, a multilateral forum of five nations – Brazil, Russia, India, China, and South Africa – made history by accepting the applications of six other states – Argentina, Saudi...
The alliance between Russia, China, and Iran poses a significant threat to the United States and its allies. According to The Economist magazine, the sanctions imposed by Western states have united these countries against a 'common enemy.' They advocate for a multipolar world that is no longer domin...
Thanks to the Bloomberg, Kepler, and Reuters information agencies, its relatively easy to monitor the movement of Russian oil online. They also allow people to study weekly supply volumes by consumer countries and shipping destinations, as well as prices, discounts, refuseniks, and new markets. The...
