brent2 Courtesy: FadderUri/Flickr
17 December 2013

Reassessing Brent benchmark for crude oil

The allegations against several oil companies and price reporting agencies like Platts have raised concerns about the credibility of the global oil benchmarking architecture. While there is a need for corrections to the existing structure, the time is right for BRICS to develop alternate options

BRICS: An alternate financial framework Courtesy: PMO
27 June 2012

BRICS: An alternate financial framework

The Western-dominated financial system that is strangling Iran with sanctions today can do the same to BRICS oil exporters tomorrow, should their geopolitics be deemed inconvenient. Hence, there is urgency for the BRICS nations to create a new financial architecture for mutual economic benefit.