Houston Matters

Saudi Arabia plans to cut oil production again – what does it mean for Houstonians?

We consider the potential impact on Houstonians at the gas pumps, and on our oil and gas industry.


Oil exports from the Permian Basin are incredibly productive for the U.S.


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Oil prices have fluctuated a bit in recent days, perhaps partly in response to a decision by Saudi Arabia to cut its oil production by another million barrels per day starting in July. The cuts, which will last at least a month, follow a similar move by Saudi Arabia and other OPEC+ nations back in May.

Will this prop up oil prices, as the Saudi government intends? Will it affect the oil and gas industry here in Houston? And will it lead to higher gas prices in the coming months?

In the audio above, we talk with Loren Steffy, author of books on the energy industry, writer-at-large for Texas Monthly, and managing director of 30 Point Strategies.

He explains why Saudi Arabia is making this move, and what it may mean for us here in Greater Houston–from gas prices to ripple effects both upstream and downstream in Houston’s oil and gas industry. We also discuss what Texas being added to the Brent crude benchmark for oil production signals about America’s growing influence in worldwide energy production.

Joshua Zinn

Joshua Zinn

Producer, Houston Matters

Joshua is a producer for Houston Matters on News 88.7 as well as the host of Encore Houston on Houston Public Media Classical. He joined Houston Public Media as a radio intern in 2014 and became a full-time announcer the following year. Now he prepares segments and occasionally records interviews...

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Craig Cohen

Craig Cohen

Executive Producer & Host, Houston Matters

Craig Cohen is the executive producer and host of Houston Matters, which airs weekday mornings at 9:00 on Houston Public Media, News 88.7 FM. Craig is a 20+ year veteran of broadcast journalism. He's spent the bulk of his career in public media, in roles ranging from programmer and manager,...

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