SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia's net revenues from oil sales in October amounted to $11.3 billion, or 31% of the country's total budget revenues for the month. This was the highest figure since May 2022 and exceeds the figure for any month before the start of the Russian special military operation in Uk...
By Rhod Mackenzie
Bulgaria intends to no longer use Russian oil, rendering the efforts of the Russian oil company Lukoil, who own and operate a local refinery, futile. In response, Lukoil is prepared to sell their assets in Bulgaria prior to the authorities seizing the plant by force. How intentio...
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
Abu Dhabi's choice to discard the dollar in its trade demonstrates the significant changes the world has undergone in recent years.
There is a new addition to the de-dollarisation supporters, according to cryptopolitan.com, the United Arab Emirates (UAE) has ceased using the Ame...
By Rhod Mackenzie
EU officials maintain that they shun Russian energy resources at any cost. Still, those who have renounced official procurement are surreptitiously reverting to their usual practices. These countries consist mainly of the Czech Republic and Poland. The former declined the "contam...
By Rhod Mackenzie
The EU has reached its limit in the energy sector when it comes to implementing measures against the Russian Federation that do not harm European competitiveness, reported Politico newspaper. They cited an unnamed European diplomat for the comment.
"We have come to the limit of...
