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Last updated: June 17, 2025, 21:13  |  Written by: Mike Novogratz

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The Brics Bloc Of Emerging

Fact Check: BRICS expansion will not control 80% of world oil

BRICS Data

The BRICS bloc of emerging economies will not control 80% of world oil production after an expansion that was agreed upon in August 2025, contrary to posts on

8 Consequential Energy Implications Of The BRICS

FACT CHECK: BRICS Nations Do Not Control 80% Of

BRICS Expansion: A New Game Changer in Global

Now

No, expanded Brics won’t control 80% of world’s oil.

Posts falsely claim BRICS controls 80% of petroleum

Now, the BRICS bloc is responsible for 43% of all global oil production following its expansion. Importantly, the six joining countries mean the bloc maintains six of the

BRICS Now Responsible for 43% of All Global Oil Production

Mike Novogratz can be reached at [email protected].

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BRICS Now Responsible for 43% of All Global Oil Production 8 Consequential Energy Implications Of The BRICS Fact Check: BRICS expansion will not control 80% of world oil Posts falsely claim BRICS controls 80% of petroleum FACT CHECK: BRICS Nations Do Not Control 80% Of BRICS Expansion: A New Game Changer in Global BRICS Data No, expanded Brics won’t control 80% of world’s oil.

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