Part 3/10:
One of BRICS' most astonishing shifts is its control over the world's energy resources. Incorporating three major OPEC nations—Saudi Arabia, Iran, and the UAE—BRICS now accounts for:
39% of all global oil exports
46% of proven oil reserves
48% of all oil produced worldwide
Typically, one in every two barrels of oil comes from BRICS nations, with Russia and Saudi Arabia alone producing a quarter of the world’s oil. Additionally, Russia and Iran possess the planet's largest gas reserves, firmly establishing the bloc's dominance in these critical commodities.
This energy control signifies immense economic leverage on the global stage, promising influence over energy markets and prices that were unimaginable a year ago.