SCO & BRICS latest news and insights
Russian oil companies experienced payment delays for crude oil and fuel of up to several months. According to Reuters, this is due to several banks in China, Turkey, and the UAE being afraid of secondary sanctions. However, experts suggest that the situation is not critical.
Eight sources cited by...
Thanks to the Bloomberg, Kepler, and Reuters information agencies, its relatively easy to monitor the movement of Russian oil online. They also allow people to study weekly supply volumes by consumer countries and shipping destinations, as well as prices, discounts, refuseniks, and new markets. The...
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...
