SCO & BRICS latest news and insights
According to Kpler, a company that analyses global commodity flows, China is set to break its record for oil purchases from Russia this month. Based on monitoring tankers carrying Russian oil, it is expected that China will receive an average of 1.7 million barrels of oil per day throughout the firs...
India has not purchased premium grades of Russian oil, including ESPO and Sokol, for the past two months. Despite the expectations of a collapse in Russian exports, this has not occurred. Instead, India is negotiating for additional preferences from Russia due to the decreasing discount on Russian...
The terrorist attack on Nord Stream has opened a Pandora's box. Without an adequate and articulated strong response, this incident violates the principle of inevitability of punishment (Latin: certitudo poenae) - a legal term that means any person, natural or legal, must be held accountable for the...
The Organisation of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA), both closely monitoring global oil demand trends, are more divided on the fuel market than they have been in at least 16 years. Reuters reported this calculation.
OPEC predicts that oil consumption w...
By Rhod Mackenzie
Following increased monitoring of oil sanctions against Russia by Washington and the rest of the G7, tankers carrying Russian oil began to appear. However, buyers rejected these tankers to avoid being subject to secondary US sanctions. Consequently, several tankers carrying Russi...
By Rhod Mackenzie
Venezuela purchases Russian oil to dilute its own production and sell or use it domestically. While there may be other new counterparties involved, the end buyer often remains the same.
Unfortunately, 'green energy' has not lived up to expectations.
The news of Russian oil supp...
