SCO & BRICS latest news and insights
By Rhod Mackenzie
Analysts at JPMorgan, have concluded that the correlation between the strength of the dollar and oil prices is weakening. Moreover, thishas happened mainly because literally every day more and more transactions in the oil markets take place not in dollars, but in national currenc...
By Rhod Mackenzie
In the first half of 2023,the volume of trade between the Russian Federation and China grew by 40% - previously the countries have not shown such results, said the head of the Institute of Asian and African Studies at the Lomonosov Moscow State University, Alexey Maslov, speakin...
By Ksenia Loginova
Baku has increased gas supplies to Hungary. By the end of the year, it is planned to pump 100 million cubic meters of blue fuel into the European country. In addition, Budapest wants to purchase 50 million cubic meters of gas for gas storage facilities. Against the backdrop of a...
By Rhod Mackenzie
More than 80% of payments between the Russian Federation and China are made in national currencies, so we can declare that the de-dollarization of economic relations between the two countries has taken place, said Georgy Zinoviev, director of the first Asian department of the Rus...
By Rhod Mackenzie
Russia, as the largest supplier of oil to India, has maintained this primacy since 2022, Igor Yushkov, an analyst at the Russian Financial University and at the National Energy Security Fund, told Izvestia on September 8.
As he clarified, the share of Russian oil in Indian impo...
By Gleb Baranov
September has turned out to be the best month of this year for oil prices so far. Last Friday, West Texas WTI, and on Monday, North Sea Brent, broke through the strong resistance levels, then reaching highs not seen since November: $88.08 and $91.15, respectively.
It was difficul...
