SCO & BRICS latest news and insights
By Rhod Mackenzie
The German authorities are discussing the nationalisation of Rosneft's oil refining assets. Rosneft's largest asset in the country, the Schwedt refinery, which relied on Russian supplies via the Druzhba oil pipeline, has experienced loading difficulties after Germany rejected oil...
By Rhod Mackenzie
According to Kommersant, NOVATEK will not be able to start shipping LNG from the Arctic LNG-2 project before March, waiting until the project fleet is replenished with at least one Arc7 ice-class LNG tanker. US sanctions are significantly slowing the project, with buyers so far r...
By Rhod Mackenzie
Two years after the introduction of Western sanctions against Russia, it can be concluded that they did not achieve their intended goals, as indicated in the study 'Why did the sanctions not work?' conducted by the Center for Financial Analytics of Sberbank. RBC reported this wit...
By Rhod Mackenzie
Sweden has concluded its investigation into the bombing of the Nord Stream pipelines and found no evidence of its involvement. Analyst believe that the perpetrators will not be identified based on the ongoing investigations in Denmark and Germany. Meanwhile, the damage caused by...
By Rhod Mackenzie
The oil market is currently anticipating a ceasefire in the Gaza Strip and a potential significant decline in production statistics in the United States. Any future developments will depend on the accuracy of the American Energy Information Administration's forecast.
On the mor...
By Rhod Mackenzie
The trust of German businesses in Chancellor Scholz and his government is diminishing rapidly. Siegfried Russwurm, the of the Federal Association of German Industry (BDI), has criticized Scholz's energy policy as 'absolutely toxic'.
In an interview with the Financial Times (FT)...
