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Global Engagement Events

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.

This event is free, but registration is required. Please click here to attend in person.

Can’t make it in person? Please click here to join us via Zoom.

James A. Baker III Hall, Rice University
For registration assistance, contact us at 713-348-2183 or

Event details are also available on the Baker Institute website.