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Northern Sea Route garnering attention as fast, efficient trade route
- Cargo load via Northern Sea Route set to reach 80 million tons in 2024, up from 34.1 million tons in 2022US energy agency revises up Brent oil price forecast for 2023, 2024
- International benchmark Brent crude now estimated to average $82.62 per barrel in 2023 and $86.48 per barrel in 2024Saudi Arabia extends voluntary oil output cuts through September
- With latest production cut, total production of world’s largest exporter of crude oil will be approximately 9 million barrels per day in SeptemberBRICS offers decentralized alternative to globalization promoted by West
-Experts say BRICS states led by Russia could even provide alternate economic group to replace International Money Fund and World BankExperts say Russia hails Türkiye's peaceful efforts as its energy facilitator role gaining ground
- Despite pressure on Türkiye as NATO member, it managed to walk fine line between Russia and western countries owing to its “wise leadership, says head of Russian association of trade unions of Russia
31.07.2023
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