Russia will rely more on Chinese demand for gas

Russia has largely lost its 40-year hold on Europe's gas market, jeopardising its position as a leading gas exporter

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Different demand pictures dominate the outlook for oil

Demand-side uncertainty offsets the risk to oil trade of Middle East instability amid strong non-OPEC oil supply growth

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Western sanctions, weak global demand and rising US output have prevented Russian revenues from growing significantly

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The new prime minister has assembled a cabinet with considerable professional and academic expertise

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The government has issued an expansionary budget for 2024, with capital expenditure set at just over USD50bn

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Economic diversification is the sultanate’s top challenge

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This month has brought a marked escalation in a security crisis that has plagued Ecuador since the late 2010s

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US oil and gas enters 2024 in a strong position following a remarkable turnaround from 2020 and record output last year

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Central Asia’s largest economy is struggling to both ramp up oil output and reduce its dependence on oil revenues

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Although President Nicolas Maduro has lacked competitors until now, this could change if his re-election bid looks weak

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