Research Library

Is global oil demand going to rise or fall? And are forecasters analysts or advocates? Recently, variances have increased across long- and short-term oil market forecasts from major institutions — carrying implications for global oil prices, sustainability, and economies. A brief by fellow Mark Finley traces the growing disparities in oil demand projections and examines the need to recognize shifting institutional bias’s role in these projections.

The Middle East remains a vital supplier of oil and gas resources, but it could begin to take on a different role. Jim Krane discusses the region’s emerging energy strategies in light of energy transitions, highlighting challenges and opportunities for decarbonization.

After seven years of steady decline and an accumulated drop of 25%, Latin America’s crude oil production has recovered by more than 9% over the past two years, thanks to significant growth in Guyana and Brazil and smaller increases in Argentina and Venezuela. Francisco J. Monaldi walks us through these developments and what could be ahead for the region.

Despite its uncertain future in the context of energy transitions, oil remains the largest global energy source, and oil markets will continue to demand attention in the near term given their economic and geopolitical impacts. Mark Finley discusses global oil production, demand, and implications.

Qatar is significantly expanding its LNG export capacity, in a two-phase project that will cement this Gulf state as one of the top global LNG exporters for decades. At a recent meeting, the Baker Institute Middle East Energy Roundtable brought together experts, analysts, and industry leaders to explore how this expansion will impact gas markets and the global energy landscape

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.

Fifty years after the 1973 oil embargo, Baker Institute Edward P. Djerejian Center for the Middle East and Center for Energy Studies hosted a conference to examine lessons learned from the embargo and their renewed relevance for today’s energy crises. Featuring remarks from His Royal Highness Prince Turki Al Faisal Al Saud, the conference also included expert panels with industry leaders, other former policymakers, and academics.

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.

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

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.