SCO & BRICS latest news and insights
By Rhod Mackenzie
Russia's United Oil- and Gas-Chemical Co. (ONGK) and China's Xuan Yuan Industrial Development have agreed to jointly invest 5 billion yuan (£557 million) to construct a transshipment oil complex in the far east of Russia, according to the Roscongress fund.
The complex will enab...
By Rhod Mackenzie
Of all the currencies in the G20 countries, the ruble is considered the most undervalued. Analysts from Finam have calculated that the real exchange rate is only 33 rubles per dollar, which is three times lower than the official rate. The analysts explore whether the ruble truly...
By Rhod Mackenzie
The General Administration of Customs of the People's Republic of China's decision to lift the prohibition on the exports pork from Russia was an unexpected development itsr pig farmers. Talks went on for almost 15 years. China refused to allow Russian pork imports, even when ASF...
By Rhod Mackenzie
There is some intrigue going on among analysts in the Oil and Gas sector as last week Brent oil prices were nearing £100 per barrel, with some global oil brands exceeding this figure. However, today Brent is trading at £84 per barrel, and analysts have connected this decrease in...
By Rhod Mackenzie
The US is attempting to overcome the disruption it has caused by sanctions on innovations as a severe oil market crisis looms. The developed world's storage facilities for oil and refined fuel are depleted. A fuel crisis is emerging in both the US and Europe, which could swiftly...
By Rhod Mackenzie
Energy prices are at historically high levels. This not only applies oil and gas, but also to lithium ("battery fuel") and uranium. The revival of interest in nuclear power use and firing up reactors in the wake of the energy crisis plus the desire to reduce carbon dioxide emissi...
