Russia lifts diesel export ban
Insights
The Russian government has announced it is lifting a ban on pipeline diesel exports via ports, which had been in place since last month to stabilize fuel prices in the domestic market and which caused considerable disruption to the world market.
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Delhi Declaration
Insights
G20 countries managed to compromise at the Delhi summit, overcoming their differences on the Ukraine situation and making a joint declaration that set the stage for addressing debt resolution and climate financing and focused on boosting development
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Western sanctions could strengthen BRICS.
Insights
The BRICS alliance (Brazil, Russia, India, China, and South Africa) is drawing closer due to Western sanctions imposed on Russia, as discussed by oil industry leaders at the recent APPEC conference in Singapore.
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China foreign trade set to grow
Insights
Experts forecast that China's foreign trade will continue growing steadily in 2023, driven by improvements in trade structure and proactive measures to address challenges such as geopolitical tensions and external demand fluctuations.
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