Bauer Business Focus

What’s Next For Houston’s Economy After OPEC Agrees To Cut Oil Production?

The price of oil jumped after a surprising agreement in Vienna on Wednesday.

Ed Hirs, energy economist at the University of Houston, says the success of the OPEC agreement depends on whether the member countries stay true to it.
Ed Hirs, energy economist at the University of Houston, says the success of the OPEC agreement depends on whether the member countries stay true to it.

This week, the Organization of Petroleum Exporting Countries agreed to cut oil production for the first time in eight years. That’s good news for the Houston economy: the price of oil immediately rose above $50.

For this week’s Bauer Business Focus, University of Houston energy economist Ed Hirs talks about the OPEC agreement and its potential long-term impact.

You can listen to the interview by clicking on the play button below.

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Florian Martin

Florian Martin

Business Reporter

Florian Martin is currently the News 88.7 business reporter. Florian’s stories can frequently be heard on other public radio stations throughout Texas and on NPR nationwide. Some of them have earned him awards from Texas AP Broadcasters, the Houston Press Club, National Association of Real Estate Editors, and Public Radio...

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