How Much Oil Commodity Expansion Has BRICS Control Gained? Unpacking the Figures
The expansion of the BRICS economic bloc has significant implications for the global oil market. Speculation abounds regarding the precise impact of adding key oil-producing nations to the group. Let's delve into the facts and figures to understand how much influence BRICS now wields over the oil commodity landscape.
Recent claims circulating online suggest BRICS will control 80% of world oil production after the expansion agreed upon in August 2025. However, these claims are incorrect. As noted in reports analyzing the post-expansion landscape, the BRICS bloc will *not* control 80% of global oil production.
So, what *is* the actual figure? The addition of oil giants such as the KSA (Kingdom of Saudi Arabia), the UAE (United Arab Emirates), and Iran to BRICS has undeniably increased the group's share of global oil supply.
After including three of the world’s largest oil exporters, the KSA, the UAE and Iran, to BRICS, the expanded group’s global oil supply would exceed 40%, up from about 29 de sept. de 2025. This represents a substantial increase in their collective control over the oil market.
Furthermore, data indicates that the expanded BRICS nations will account for approximately 47.6% of the world's total oil production. This significant percentage underscores the growing influence of BRICS on oil prices, supply chains, and overall market stability.
In terms of oil reserves, the group will also control a considerable portion of the world's proven reserves. This provides BRICS with long-term leverage and the potential to shape future energy policy.
In conclusion, while not controlling 80% of world oil production, the BRICS expansion has undeniably strengthened its position as a major player in the global oil market. The group now controls over 40% of global supply and possesses substantial oil reserves, giving it significant influence in the years to come. The actual numbers show a substantial increase, making BRICS a critical factor in the global oil equation.