SCO & BRICS latest news and insights
By Sergey Manukov
The biggest threat to America from de-dollarization, according to JPMorgan, is not so much the appearance of a competitor's currency, but the loss of Washington's main weapon with which it fought economic and financial crises in the past. The dollar helped Western central banks u...
By Olga Samofalova
Russia has been selling its Urals grade crude oil above the sanctions price ceiling for two months now. However, the West it appears is in no hurry to adjust their sanctions policy, although it initially threatened to do so every two months. The US and Europe are not silent for...
By Igor Nedkin
As of the results of Monday, oil prices werw up to almost $90 per barrel. In total, from the lows of the end of June, the growth has been 25%. Until recently, this was hard to imagine this happening , because the market seemed to be frozen - prices have remained in the range of $ 75...
By Olga Samofalova
Ukraine has demanded that the US and Europe stop buying oil products by countries that use and process Russian oil like India despite the fact that Ukraine itself continues to earn revenue on the transportation of Russian oil. If the US and the EU listen to Kiev, then this wil...
By Sergey Manukov
Russia supplied India with the lowest volume of oil in 7 months in August, according to Kpler and Refinitiv. This is partly due to the fact, writes Oil Price, that many Indian oil refineries (refineries), the main consumers of Russian Urals oil, have closed for scheduled maintena...
By Rhod Mackenzie
With the countries of Iran, Saudi Arabia and the United Arab Emirates joining the BRICS, the multilateral mechanism now includes the World's major global oil producers and importers. Analysts now predict that a wider adoption of local currencies will be used for its trade among B...
