Xi, Putin in Delhi: Why the BRICS summit could become India-China-Russia moment
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India will host Xi Jinping and Vladimir Putin at the 18th BRICS Summit in Delhi. Discover how key discussions on crude oil, trade, and the US dollar could impact fuel prices and everyday costs.
Discussions on crude oil pricing and currency alternatives could influence global energy costs and the value of the US dollar that affects import-dependent economies.
Most affected
Consumers in oil-importing countries — Fuel and import prices may shift based on BRICS oil and currency decisions.
Likely next
Whether the summit produces joint statements on crude oil pricing mechanisms or alternatives to US dollar settlement.