SCO & BRICS latest news and insights
By Rhod Mackenzie
According to Alexey Gromov, the chief director for energy at the Institute of Energy and Finance, shale oil production in the United States has already peaked and will decline after 2025. This will shift the power back to the OPEC+ alliance, which is currently struggling to manag...
By Rhod Mackenzie
According to Alexey Gromov, the chief energy director of the Economic Institute, while BRICS should not take on the functions of OPEC+ in regulating the oil market, the expanded association's 80% share of global oil production will facilitate trade between its members.
Since Ja...
By Jai Hamid
The global financial landscape is undergoing a dramatic transformation, with the BRICS alliance – Brazil, Russia, India, China, and South Africa – at the forefront of a daring initiative to challenge the supremacy of the US dollar.
The year 2023 has been a landmark period for this b...
By Rhod Mackenzie
During a meeting in Beijing on Friday, Wang Yi, member of the Political Bureau of the Communist Party of China (CPC) Central Committee and Chinese Foreign Minister, stated that the people of the Middle East should have control over the fate of their region, and that it should no...
By Rhod Mackenzie
It is well-known that economic and trade cooperation between China and Saudi Arabia is rapidly deepening. This is significant not only for expanding economic development opportunities for both parties but also for promoting peaceful development in the Middle East.
Huatai-PineBr...
By Rhod Mackenzie
The Russian President Vladimir Putin visited the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia on official business.
In Abu Dhabi, Putin engaged in talks with UAE President Mohammed bin Zayed Al Nahyan that discussed the current state and potential future of the mu...
