Will BRICS Control 60% of Global Oil Reserves? Examining the Impact of Expansion

The potential expansion of the BRICS economic alliance has sparked considerable debate, particularly regarding its influence on the global oil market. With the annual summit set to bring about potential expansion, the BRICS economic alliance could be poised to control 60% of global oil reserves. Indeed, depending on which nations join the bloc, its leverage could dramatically shift the balance of power.

Claims regarding the extent of BRICS control over oil resources have varied. Some reports initially suggested even higher figures. For instance, 11 de sept. de 2025 The report said: Once the BRICS expands with six new member nations to its ranks, it will control nearly half of the world’s oil production and reserves.

However, other sources have refuted overly optimistic projections. BRICS, with 29 de sept. de 2025 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 various social media platforms. This highlights the importance of verifying information and relying on credible sources.

The 60% figure regarding oil reserves, while significant, represents a potential scenario dependent on specific countries joining BRICS. The inclusion of nations with substantial oil reserves, such as Saudi Arabia or the UAE, would naturally contribute to a larger share of global reserves under the BRICS umbrella.

Therefore, while the exact percentage remains subject to change based on future membership decisions, the prospect of BRICS controlling a substantial portion of global oil reserves warrants close attention. Understanding the implications of this potential shift is crucial for businesses, policymakers, and anyone following the evolving global economic landscape.