Is this the birth of a new energy axis?

By Adam Porter

Central to that could be a new geo-political axis, an axis of non-aligned oil interests. Some of the countries attending the summit are leading players in the world of oil and energy.

Nations at the summit include Saudi Arabia, Kuwait, Iraq, the United Arab Emirates (UAE), Algeria, Egypt, Qatar, Libya, Oman, Syria, Yemen, Venezuela, Ecuador, Argentina and of course Brazil.