SCO & BRICS latest news and insights
By Timofey Bordachev
The visit of the Russian President to Saudi Arabia and the United Arab Emirates (UAE), as well as the extensive program of negotiations of the delegation accompanying him, is an excellent indicator of how much freer the leading countries of the World Majority have become in th...
By Rhod Mackenzie
On Wednesday 6th December, the Russian President will be visiting the United Arab Emirates, marking the start of a series of meetings with several colleagues from the Middle East. These meetings boast a significant and varied agenda, including a demonstration of the failure of th...
By Rhod Mackenzie
The market paid little attention to the thirty-sixth OPEC+ oil producers club ministerial meeting held last Thursday. Although production cuts amounting to 2.2 million barrels per day were announced, oil prices rose briefly before slumping once again.
The production quotas for...
By Rhod Mackenzie
At the scheduled meeting on 30th November this year, the nations that are part of the OPEC+ agreement resolved to decrease the amount of oil produced in 2024 by 2.2 million barrels per day. Out of this, 1.3 million were already a part of the production reduction measures extended...
By Rhod Mackenzie
The OPEC+ meeting concluded with a surprising outcome. The association of petroleun exporting countries has secured a new ally in the form of Brazil. This substantially enhances the influence of OPEC+ resolutions. This is a significant development as Brazil, along with the United...
By Rhod Mackenzie
The decision by OPEC+ nations to reduce oil production highlights the alliance's proactive stance, rather than waiting for commodity prices to drop due to sluggish demand growth, according to analysts cited by the newspaper Izvestia. Russia has agreed to cut oil production by 200...
