SCO & BRICS latest news and insights
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...
By Rhod Mackenzie
The common assumption that technology firms generate the highest revenue is erroneous. As per Fortune magazine, in 2023, the most lucrative corporation globally is neither Apple Inc nor Google. Instead, it is the oil conglomerate Saudi Aramco, with 90% of its shares currently own...
By Rhod Mackenzie
Saudi Arabia is keen on oil prices hovering around the range of $85-$90 per barrel. This is the price level necessary to mitigate their significant budget deficit. In light of this, the Saudi side has expressed discontent with the oil production levels of certain countries, accor...
By Rhod Mackenzie
The West is struggling to devise further sanctions for the Russian oil sector. The price ceiling has proved ineffective, with Russian oil being sold above the limit for six months. The European authorities are currently deliberating a potential ban on the sale of oil tankers to R...
By Rhod Mackenzie
India and China took the lion's share of Russian oil exports that dropped out of the European market. However, other buyers also contribute to the Russian budget: Brazil, Saudi Arabia, the UAE. All of them increased purchases of oil and petroleum products from Russia. Analysts st...
