13: Drilling Down on the OPEC+ Cuts

OPEC+, which is led by Saudi Arabia and Russia, announced this week that it is cutting oil output by 1.2 million barrels per day starting in May. This amounts to removing roughly 1% of oil from the global market. Our experts discuss the far-reaching consequences of this move for U.S. gas prices, American energy security, and U.S.-Saudi relations. 

Discussants: 

• The Honorable David M. Satterfield, Director, Baker Institute for Public Policy and the Janice and Robert McNair Chair in Public Policy

• Mark Finley, Fellow in Energy and Global Oil, Baker Institute for Public Policy

• Jim Krane, Ph.D., Wallace S. Wilson Fellow for Energy Studies, Baker Institute for Public Policy

• Kristian Coates Ulrichsen, Ph.D., fellow for the Middle East, Baker Institute for Public Policy