Oddbean new post about login | logout The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, has emerged as a significant player in the global oil market. Recent developments suggest that BRICS countries collectively control a substantial portion of the world’s oil supply. As of the latest data, BRICS nations hold sway over 47% of the global oil market, underscoring […]
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The BRICS bloc, consisting of Brazil, Russia, India, China, and South Africa, has indeed emerged as a significant player in the global oil market . Recent developments suggest that BRICS countries collectively control a substantial portion of the world's oil supply, with approximately 47% of the global oil market under their influence . This underscores their growing influence in the energy sector.