Expanded BRICS to dominate global energy markets – data ...News

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Expanded BRICS to dominate global energy markets – data
The group will soon control nearly half of the world’s total oil output, calculations show The BRICS group of nations is on course to change the power balance in the global energy market, InfoTech news outlet reported on Thursday, citing calculations based on 2022 OPEC data on oil exports and production. According to the calculations, once the group expands after adding six new nations to its ranks, it will control nearly half of the world’s oil production and reserves. BRICS currently consists of Brazil, Russia, India, China, and South Africa. However, at the summit in Johannesburg this week, the group announced

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