What Does the OPEC+ Spring Surprise Mean for Summer Driving?
Tuesday, April 18, 2023
8:00 am -
Spring has arrived, and as we prepare for the summer driving season, the oil market remains delicately balanced. Earlier this month, Saudi Arabia, Russia and other OPEC+ members surprised the market by announcing a large production cut of nearly 1.7 million barrels per day. How will this cut impact the global oil market, investment, economic growth and public policy — and what will it mean for prices at the pump?
Join us on April 18 as a panel of industry experts — including energy fellows Francisco Monaldi and Jim Krane and Rystad Energy’s Claudio Galimberti — discuss the OPEC+ move and other factors that will determine the market’s future.
Mark Finley, the Baker Institute fellow in energy and global oil, will moderate a discussion and audience Q&A following introductory remarks from the panelists.
- James A. Baker III Hall, Rice University
Event details are also available on the Baker Institute website.