Bahraini Minister of Oil and Gas sheikh Mohammed bin Khalifa bin Ahmed Al Khalifa (R), Iraqi Oil Minister Ihsan Abdul-Jabbar Ismail (C) and Saudi Energy Minister Abdulaziz bin Salman bin Abdulaziz Al Saud (L) – Part of the OPEC group arrive to attend the 29th annual Middle East Petroleum and Gas conference in the Bahraini capital Manama, on May 16, 2022. On Monday, Saudi Arabia suggested that OPEC and its allies could cut oil production to stabilize the market, resulting in a sharp rise in prices on Tuesday. Photo: Mazen Mahdi / AFP