A volatile year ahead for energy markets in the Middle East

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Al-Araby

The economies of energy-producing countries in the Middle East will be heavily reliant on energy market stability in 2022. A gradual focus on the energy transition process will intensify in energy-producing countries in the Middle East, gradually reducing the role of fossil fuels. The volatility in the energy market of the previous two years will continue in 2022, and oil exporter states in the region will have to battle with it. The unequal pace of the world’s economic recovery from the Covid-19 pandemic, exacerbated by the emergence of new virus variants, impedes the steady rebound in oil de…

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