Hedging In Oil Geopolitics: The Role Of BRICS In The New World Energy Order

Little has come of President Biden's trip to the Middle East last week, which included a stop in Saudi Arabia. The Kingdom made it plain shortly after Biden's visit that it would not take unilateral action outside of the OPEC+ group, which also includes Russia and related minor producers. In making production decisions, Saudi Arabia and its OPEC allies will continue to consider the group's unity, Russia's opinions, and the dema....