SCO & BRICS latest news and insights
By Rhod Mackenzie
Saudi Arabia is keen on oil prices hovering around the range of $85-$90 per barrel. This is the price level necessary to mitigate their significant budget deficit. In light of this, the Saudi side has expressed discontent with the oil production levels of certain countries, accor...
By Amro Selim
Earlier this year, the UAE, Saudi Arabia and Egypt, alongside Iran, were welcomed into the BRICS alliance, which comprises Brazil, Russia, India, China and South Africa. The inclusion of the Middle East countries, set to come into effect in January 2024, is slated to significantly bo...
By Rhod Mackenzie
Speculators are responsible for the drop in oil prices by manipulating figures and falsely claiming that oil demand is low. This statement was made by the Saudi Arabian Minister of Energy. A few weeks ago, oil was almost at $100 per barrel, but now it has fallen to $80. What caus...
By Rhod Mackenzie
A decade has elapsed since the emergence of China's ambitious Belt and Road Initiative (BRI), a momentous occasion that calls for acknowledgement of its remarkable achievemens and far-reaching global influence. The BRI stands as a powerful example of the effectiveness of internat...
By Salem AlKetbi
When a country of Saudi Arabia’s size and weight joins the BRICS bloc, the discussion naturally turns to the benefits of the bloc, not just the invited country. It is not an overstatement to say that the bloc will be the biggest beneficiary of this major geostrategic agreement in...
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...
