SCO & BRICS latest news and insights
By Oleg Barbanov
It remains unclear whether a new round of BRICS enlargement will occur or not. Should this happen, the BRICS leaders would utilize their own criteria, which are not public. It is likely that a decision will be reached by consensus, implying that the interests of all BRICS members...
By Baba Yusuf
“With each new day in Africa, a gazelle wakes up knowing he must outrun the fastest lion or perish. At the same time, a lion stirs and stretches, knowing he must outrun the fastest gazelle or starve. It is no different for the human race. Whether you consider yourself a gazelle or a...
The CEO of Saudi Aramco, Amin Nasser, has called for a change in the strategy of transitioning from fossil fuels to renewable energy sources, commonly known as the 'green' transition. Nasser believes that the current strategy has failed and proposes to abandon the idea of replacing oil and gas with...
By Ivan Timofeev
The creation of new financial mechanisms through BRICS is one of the most promising fields for the development of the association. In the final declaration of the BRICS countries after the 2023 Summit, financial policy was given quite a lot of attention. In particular, it was sta...
According to Saudi Aramco's 2023 financial results, the company's net profit decreased by 24.7% to $121.3 billion from a record $161.1 billion in the previous year.
The company's free cash flow also decreased by 31.9% to $101.2 billion, while capital investments increased to $49.7 billion from $38...
By Rhod Mackenzie
OPEC+ members, led by Saudi Arabia and Russia, have agreed to extend voluntary oil production cuts until the second quarter of 2024. This decision is a three-month extension of the cartel's previous decision made on November 30th of last year.
Saudi Arabia, the leader of OPEC,...
