SCO & BRICS latest news and insights
By Rhod Mackenzie
Russian oil companies are significantly boosting ESPO grade oil exports through the port of Kozmino, mainly to China via tankers. The shipments from this Far Eastern port reached a historic peak of 925 thousand b/d in December.Analyst attribute the increase to more active rail tr...
By Rhod Mackenzie
According to a report in Kommersant, in the first two weeks of December Russian oil companies sharply increased seaborne exports of diesel fuel, which as a result they recovered to the level of 1 million barrels per day. This was made possible by the almost complete lifting of th...
By Rhod Mackenzie
The market practically overlooked the thirty-sixth meeting of the relevant ministers of the OPEC+ oil club countries on November 30. Although there were production cuts announced of 2.2 million barrels per day (mbd), oil prices briefly increased before decreasing again, ultimatel...
By Rhod Mackenzie
Russia's trading of alliances from Europe to the Middle monarchies has proved lucrative. On 6th December, Russian President Vladimir Putin visited the UAE and Saudi Arabia, and on the following day,the Iranian President Ebrahim Raisi travelled to Moscow for meetings with Putin. T...
By Rhod Mackenzie
India's decisions regarding its energy procurement are solely based on its national interests and are not influenced by the opinions of foreign powers. This statement was made by Subrahmanyam Jaishankar,the Indian Minister of External Affairs, during his address to the annual c...
By Rhod Mackenzie
China increased the volume of oil and natural gas imports by 12.1% and 8.5% respectively in January-November 2023, according to data released on Thursday by the General Administration of Customs of the People's Republic of China.
During the reporting period, China imported 515...
