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Quarterly Oil Market Update

Quarterly Oil Market Update

Prices at the pump are soaring. What is happening in the oil market, and what does it mean for consumers, producers, the economy — and policy?  

At this event, industry experts explored how oil markets are responding to unprecedented challenges, including the Russian invasion of Ukraine and the resulting impacts for Russian oil exports; investors’ continued reluctance to fund U.S. shale operations (despite higher oil prices); and OPEC+ production decisions amid pressure from President Joe Biden and other leaders seeking relief for consumers. Mark Finley, fellow in energy and global oil at the Baker Institute, hosted the discussion.

Following opening remarks from the panelists, Finley moderated a discussion and audience Q&A. The event was open to in-person attendees as well as guests who attended virtually via Zoom.

Click here to watch the Center for Energy Studies’ May 26 webinar on the factors driving prices at the pump. To explore how the energy market in recent years is influencing Russia’s actions today, view the center’s work here.

This event was sponsored by the Baker Institute Center for Energy Studies. Follow @CES_Baker_Inst on Twitter or LinkedIn, and join the conversation online with #BakerEnergy.


Download the presentations from Clay Seigle, Benjamin Shattuck and Herman Wang.


11:30 a.m. — Lunch
Noon — Presentation


Registration has closed.

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Clay Seigle
Energy Strategist and Vice President, United States Association for Energy Economics

Benjamin Shattuck
Research Director, Americas Upstream Oil & Gas, Wood Mackenzie

Herman Wang
Managing Editor, OPEC and Middle East News, S&P Global Platts


Mark Finley
Fellow in Energy and Global Oil, Baker Institute





Wed, June 22, 2022
11:30 a.m. - 1 p.m.
(GMT-0500) US/Central


James A. Baker III Hall, Rice University
Rice University's Baker Institute — 6100 Main Street
Houston, Texas 77005

Doré Commons