oil and gas

In 2022, the biggest energy issue in the Middle East was Organisation of the Petroleum Exporting Countries (OPEC) oil cut as the world economy entered into a period of 'heightened uncertainty and rising challenges'. In October, OPEC cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year's figure, citing slowing economies, the resurgence of China's COVID-19 containment measures and high inflation. […]