For much of last year, the global south has sought to increase its standing in the oil sector. Indeed, that pursuit took another step forward this week, as the BRICS leading economy, China, has seen its oil output reach 400 million tons this year as its record growth continues.
The development continues what has been a tremendous month for the country’s economic standing. At the start of the year, the country announced that its trade surplus had reached a monumental $5 trillion. Altogether, it positions the nation well as it enters a year in which geopolitical tension with the US and the West is nearing a boiling point.
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BRICS Solidify Oil Presence as China Output Continues Upward Trajectory
There is no understating of just how important 2025 is proving to be for the BRICS economic alliance. The collective has been engaged in continued de-dollarization efforts that have now drawn the ire of new US President Donald Trump. Now, his sights are set on limiting the impact of the global south’s efforts as experts note the US dollar’s days of dominance may be coming to an end.
Throughout the last month, the bloc has sought to continue establishing itself as a key alternative to the West. Now, those efforts may have taken a significant step forward. Indeed, BRICS nation China has seen its oil output hit 400 million tons as record growth continues, according to a recent report.
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The country has also noted that its oil output has grown by more than 10 million tons for eight consecutive years. Moreover, last year, oil production surpassed 213 million tons. The tremendous growth is put into perspective when considering it jumped from just 24 million tons just six years ago.
That could be a key aspect of the bloc as it continues to grow. With Saudi Arabia considering its application to join the alliance, I could soon be a leader in the vital sector. That could throw a significant wrench into the ongoing geopolitical tensions with the US. Specifically, it would see the pursuit of the global south grow in merit and potential allure to global powers.
