As 2023 draws to a close, oil remains in the headlines, with oil prices still well above historical norms. What will the new year hold for U.S. producers, and for global oil supply and demand prospects?
At this oil market discussion, hosted by energy and global oil fellow Mark Finley, experts discussed key drivers of the oil market for 2024. They addressed a number of questions, including:
- With industry consolidation, what are investment prospects for U.S. producers?
- Will China's domestic politics, energy security, and sustainability considerations impact its economic prospects?
- What factors will determine whether Saudi Arabia and other OPEC+ members continue their production cuts?
- Will the conflicts in Ukraine and the Middle East pose risks to oil supplies?
- How will COP28, the UN climate conference in Dubai, impact oil markets in 2024 and beyond
- What will the answers to these questions mean for prices at the pump — and how might they impact the 2024 U.S. elections?
This event was sponsored by the Baker Institute Center for Energy Studies, and was the latest in the institute’s series of regular oil and energy market updates. Follow @CES_Baker_Inst on X, and join the conversation online with #BakerLive.
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Agenda
8:00 am — Breakfast
8:30 am — Presentation followed by Q&A
Participants
Panelists
Helima Croft
Head of Global Commodity Strategy and MENA Research, RBC Capital Markets
Steven W. Lewis
C.V. Starr Transnational China Fellow, Baker Institute
Robert Mills
Director of Private Equity, Pickering Energy Partners
Moderator
Mark Finley
Fellow in Energy and Global Oil, Baker Institute
