Brics How Will Expansion Affect The Oil Market In 2024

Last updated: June 8, 2025, 23:10

Brics How Will Expansion Affect The Oil Market In 2024

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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

While the Organization of the Petroleum Exporting Countries Plus (OPEC) will continue to manage the international oil market, the expanded BRICS energy profile could