Oil prices have gyrated in recent months: Recession fears have pushed them down, while worries of a loss of Russian oil because of sanctions pushed them up.

OPEC said its 2023 forecasts assume there will be no escalation of the war in Ukraine and that risks such as rising inflation do not take a heavy toll on global economic growth.

Canada's oil and gas sector can recover from the slump that has plagued it over the last year, says one expert, but it will take more than a little ingenuity and a commitment to regaining the public's trust.