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Friday, April 19, 2024
Russia Can Help South Africa Tackle Electricity Shortages — Russian Ambassador
Russia can help South Africa solve the problem of electricity shortages, Russian Ambassador to South Africa Ilya Rogachev told TASS
China and Brazil signed a 30-year franchise agreement on the Brazil northeast ultra-high-voltage direct current (UHVDC) power transmission line project, which is expected to be operational by 2029, in the Brazilian capital of Brasilia
The Russian economy gradually became highly dependent on energy exports to sustain its basic operations. Existing studies show that income from natural gas and crude oil exports alone consistently accounts for about 50% of Russia’s fiscal revenue, with the GDP share roughly maintaining around 25% annually. The importance of energy exports is self-evident
The burgeoning trajectory of India's oil demand growth mirrors the evolving landscape of global energy consumption. According to projections by the Organization of Petroleum Exporting Countries (OPEC), India's oil demand is expected to reach 5.59 million barrels per day (b/d) in 2024, marking a marginal increase from 5.37 million b/d in the previous year
China's intake of Russian crude is set to reach a record this month, Kpler data cited by Bloomberg shows
New Delhi reportedly wants to secure a steady supply of crude instead of one-off purchases
India’s state oil refiners are negotiating term deliveries from Russia’s Rosneft of about 500,000 barrels per day (bpd) of crude, sources with knowledge of the discussions told Bloomberg