What is the Middle East rich in? Today, the economy of the area is dominated by oil and water. In addition to being disproportionately rich in natural gas (32 percent of world reserves under ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

The blow to growth from a trade war is likely to hurt the price of oil – the mainstay of the region’s economy.

Japan’s dependence on oil from the Middle East has risen to a record level ... has been giving priority to liquefied natural gas. LNG reserves are more widely distributed globally than oil.

Around 50% of known oil reserves are found in the Middle East. As technology improves, new supplies can be discovered and accessed more easily. There are huge, barely tapped reserves in South ...

At this time oil was also discovered in the Middle East. Soon other reserves were found across the region. Middle Eastern nations lacked the technology and knowledge to extract oil. This led to ...