In a significant development, Brazil is poised to become the newest member of the OPEC+ alliance, standing shoulder to shoulder with energy giants like Saudi Arabia and Russia. According to Reuters, this strategic move is set to commence in January, adding a new layer of complexity to the dynamics of the petrodollar.
This decision not only underscores Brazil's ambitions as a major player in the global energy market but also hints at the formation of a formidable bloc of energy powerhouses that makes the European Union losing ground evrn faster. As the landscape evolves, it prompts us to reconsider the intricacies of international energy geopolitics.