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Bauer Business Focus

More Oil Countries Promise Cuts: What Does It Mean For Houston?

Eleven non-OPEC countries have agreed to cut their oil production to stabilize the market.

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Photo of Bill Arnold
Abner Fletcher
Bill Arnold, energy management professor at Rice University’s Jones Graduate School of Business, says the latest agreement means more good news for Houston.

Last weekend, 11 non-OPEC countries joined the oil cartel and pledged to cut production.

The goal is to reduce inventory and stabilize the price of oil.

How could that impact the industry's recovery here in Houston and the energy sector across Texas?

To get some answers, we spoke with former Shell executive Bill Arnold, now professor in the practice of energy management at Rice University, for this week's Bauer Business Focus.

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