Life for the national oil companies in the Middle East was just too good to continue as before, raking in unbridled profits amid triple-digit oil prices. September 2022 is unlikely to change anything in the grand scheme of things, but more than ever this year fears of demand destruction have plagued macroeconomic forecasts and consumption algorithms. With the United States already in a technical recession and the European Union set to join after the end of Q3, there are…
