Research Library | Baker Institute

OPEC+ — To Increase, or Not To Increase?

Will OPEC+ begin to reverse large production cuts at its June 1 meeting? In large part, it will depend on whose oil market outlook is closest to the mark, writes Mark Finley, fellow in energy and global oil. He examines several forecasts and outlines the issues in a new commentary.

Mark Finley April 25, 2024

Aerial View of the Saudi Arabia Oil Crisis

Center for Energy Studies | Commentary

Want Power in the Oil Market? Hold Spare Capacity! (But Not Too Much)

Mark Finley explains the cost-benefit analysis behind the Saudi government's recent move to pause plans to increase spare oil production capacity — and why spare capacity still equates to power in the oil market.

Mark Finley February 9, 2024

Center for Energy Studies | Commentary

OPEC+ Cuts Should Tighten the Market

OPEC+ cuts — including additional voluntary cuts, most importantly by Saudi Arabia — look set to significantly tighten the oil market this year.

Mark Finley January 22, 2024

Center for Energy Studies | Commentary

OPEC+ Agrees to Additional Production Cuts: Market Responds With a Shrug

When the OPEC+ group met last week and agreed to extend production cuts through the first quarter of 2024, the market was unimpressed. Fellow in Energy and Global Oil, Mark Finley, outlines the meeting’s outcomes and discusses why the recent agreement “could augur a year of difficult meetings ahead” in a new commentary.

Mark Finley December 6, 2023