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Middle East Oil Producers Under Pressure To Cut Prices Again ...Middle East
The Middle East has been steadily reaping the benefits of its oil bounty throughout 2022, arguably one of the most successful years for the region at large in its recent history. Yet the prospects for next year are by no means as rosy. The global economy is in disarray, with the double whammy of a strong US dollar and high inflation starting to impact oil demand, and perhaps most importantly, China is still not out of the woods. Most Middle Eastern exporters have recorded their highest-ever differentials in 2022, however the downward-facing trend…
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