Search

The oil market showed a sharp reversal during one trading session. After a jump to $119.5 per barrel, Brent futures in May dropped below $100. Volatility has increased against the background of decisions by the G7 countries and the International Energy Agency on the issue of strategic reserves and expectations for the possible release of reserves.

The Russian prime minister said at the strategic session on foreign economic activity that the BRICS' contribution to the global economy is growing, while the G7's share is decreasing. Against the background of "mounting sanctions pressure" and tariff barriers, Moscow is betting on reconfiguring support measures and strengthening foreign economic relations. We analyze why this thesis is supported by structural trends, and what it changes for foreign economic activity, calculations and logistics