The global economy has been impacted by a combination of factors, including elevated energy costs, climate change, geopolitical issues, inflation, the Covid 19 pandemic, and the United States financial market, which have led to increased economic uncertainty and lowered expectations. These factors, coupled with volatile commodity prices, declining business and consumer confidence, and increased unemployment, have resulted in a recession and an economic slowdown. If global economic growth persists, then the demand for petroleum products decreases and affects liquidity and financial stability.