Bauer Business Focus

Deloitte: Positive Impact From OPEC Cut Extensions Will Come Down The Road

After the oil cartel agreed to extend its production cuts, the price of oil actually went down.

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Andrew Slaughter, executive director of Deloitte’s Center for Energy Solutions, expects the price of oil to go up after the cuts go into effect.

Last week, OPEC – the global oil cartel – agreed to extend its production cuts for another nine months.

The goal is to keep the price of oil stable as global supply remains high – this is crucial for especially the Houston economy.

But the price in fact went down after the announcement.

To understand why and what it means for Houston's economy, we sat down with Andrew Slaughter, executive director at Deloitte's Center for Energy Solutions, for this week's Bauer Business Focus.

To listen to the interview, click the play button above.

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