BRICS Domination: Controlling 47% of Global Oil - What it Means for the US and the Dollar
The landscape of the global financial is shifting as the BRICS alliance, consisting of Brazil, Russia, India, China, and South Africa, has solidified its dominance in the global oil market, collectively controlling 47% of the world's oil supply. Saudi Arabia joins the BRICS, setting up the alliance to control almost half the global oil stock. Controlling 47% of global oil is nothing to sneeze at 👀.
BRICS' Growing Influence in the Oil Sector
As of the latest data, BRICS nations hold sway over 47% of the global oil market, underscoring their growing influence in the energy sector. In contrast, the United States holds only 2.1%.
The Future of the US Dollar: A Potential Shift?
The BRICS alliance now controls 47% of the world’s oil while the US holds only 2.1%. If they demand developing countries to pay in local currencies, the US dollar will be impacted. Time will tell.
BRICS Expansion and Oil Production
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 the original share. BRICS is not playing around with Saudi Arabia officially joining the bloc on Wednesday.
Debunking Misinformation: BRICS and 80% Oil Control
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 29 de sept. de 2025. The reality, while significant at 47%, is different.