energy sector

BRICS+ Series: How OPEC and BRICS are Shaping the Future of Global Energy Trade

The developing relationship between OPEC+ and BRICS is significantly reshaping the global energy landscape. The coinciding membership of energy giants like Saudi Arabia, Iran, and the UAE in both the blocs is an indicator of the rising influence of the Global South in energy governance, contesting the Western-dominated order and redefining global oil trade.