SCO & BRICS latest news and insights
By Rhod Mackenzie
The market paid little attention to the thirty-sixth OPEC+ oil producers club ministerial meeting held last Thursday. Although production cuts amounting to 2.2 million barrels per day were announced, oil prices rose briefly before slumping once again.
The production quotas for...
By Rhod Mackenzie
The US Secretary of Commerce, Gina Raimondo, was present at the yearly Reagan National Defense Forum held in California on Saturday. Her speech disclosed important insights that merit discussion. The Secretary of Commerce's attendance at the conference, which was predominantly go...
By Rhod Mackenzie
The new Argentinian authorities are presently undecided about whether to join the BRICS alliance of major non-Western countries.
BRICS remains open to aid developing economies and protect their interests. Wang Wenbin, the official representative of the Chinese Foreign Ministry,...
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
"Europe's energy crisis is over," states a recent article published by British news agency Reuters. The article is supported by several graphs, conveying a sense of stability within the energy market. Analysts from the agency cite the decline in energy prices, particularly in gas...
By Rhod Mackenzie
Russia, under the plan announced earlier this year by Vladimir Putin to send free shipments of grain to several African nations, has delivered the initial consignment to Somalia this week. Somalia has received a shipment of 25,000 tonnes of grain.
The delivery is a result of th...
