SCO & BRICS latest news and insights
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...
By Rhod Mackenzie
According to a European official cited by Reuters, Russia's response to the EU's seizure of the Central Bank's frozen assets could potentially cause the bankruptcy of Euroclear, one of the world's largest settlement and clearing systems based in Belgium.
The EU cannot use a sign...
The Dutch regulator's approval to import enriched uranium hexafluoride (UF6) from Russia for the next three years has caused controversy. Urenco, a government-controlled company, had to clarify that Western nuclear energy cannot do everything that is done in Russia, and that there are contractual ob...
Kommersant reports that Russian oil companies are now supplying oil to Venezuela. The United States had relaxed sanctions against Venezuela's oil sector until April, but the risk of falling under restrictions again is prompting Venezuela to increase its own oil exports. In February, the country ex...
By Rhod Mackenzie
In February, Russian LNG exports increased by 2.8% compared to the same period last year, reaching 2.79 million tons, according to Kpler data. Despite ongoing discussions in Europe about limiting purchases of liquefied gas from Russia, supplies to EU countries remain stable. The...
By Rhod Mackenzie
According to data from investment bank Goldman Sachs, the discount on the price of Russian oil to the Brent benchmark has decreased to nearly zero in recent weeks, after previously exceeding $30 per barrel. However, the discount on the purchase of the popular Russian Urals brand...
