IMF sees bumper year for Arab oil producers, risk for others Posted on April 28, 2022 by cngpump Higher energy prices, though, spell fortune for the region’s oil producers, like Saudi Arabia where economic growth is expected to hit 7.6 per cent this year. Related posts: UAE energy chief doubles down on OPEC alliance with Russia Oil importers India, Thailand to be hit hardest by Ukraine crisis among APAC nations : S&P China’s Sinopec sees no impairment risk of Russian assets – executive Indian refiners’ March crude processing rises 6.4 per cent year-on-year Oil down 5 per cent after IMF slashes growth forecast IEA fears global crude oil supply ‘shock’ over Russia sanctions EU countries mull deal on emergency rules to fill gas storage EXPLAINER: Why gasoline prices have soared to record highs OPEC share of India’s oil imports steadies after six-year slump India’s February fuel demand rises 5.4% year-on-year