Research Library

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.

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.

Hama's Oct. 7 attack on Israel threatens to undermine a key pillar of Saudi Arabia’s foreign and domestic agenda: the “de-risking” of the region, writes fellow Kristian Coates Ulrichsen.

Like the 1973 embargo, today’s crises have rendered the future of energy massively uncertain, write fellows Jim Krane and Mark Finley.

The Saudi leadership has repeatedly rebuffed requests from President Biden and leaders of oil-importing countries to accelerate production increases. But recent price differentials could signal an intent to quietly steer crude into Europe to replace Russian supplies, writes the author. Read the post on the Baker Institute Blog.  This article originally appeared in the Forbes blog on May 4, 2022.

In October the UAE declared a goal of reaching net-zero emissions by 2050. That goal seems incredibly lofty for an oil-dominated economy, but the UAE's particular advantages may uniquely suit the task, energy fellow Jim Krane explains in this week's Forbes post.

Amid recent disputes on oil trade, "fractious Saudi-UAE relations are ... better understood as a return to the pre-2015 status quo than a unique diplomatic breach," write Jim Krane and Kristian Coates Ulrichsen.

How did the pandemic impact energy markets around the world? The results of this year's bp Statistical Review of World Energy show how the U.S. led the widespread decline in energy production, oil was the energy type most impacted by shutdowns, and global trade for fossil fuels fell more rapidly than production.

Iron and steel production are necessary for modern infrastructure, and the sector is both energy intensive and difficult to decarbonize. The authors explore new, evolving processes that could change this and potentially provide both environmental and economic benefits.