by Tina Olivero

    Energy experts to discuss state of oil market after Russian sanctions

    With global oil markets in turmoil and gasoline prices soaring around the world, an upcoming event hosted by Rice University’s Baker Institute for Public Policy will highlight how economic sanctions on Russia will affect everything from the cost of a barrel of oil to the price of gas at the pump. 

    World-renowned energy experts Toril Bosoni, head of the International Energy Agency’s oil industry and markets division, and Natasha Kaneva, head of global commodities strategy at J.P. Morgan, will discuss the current state of the oil market March 23.

    Oil remains the world’s largest source of energy — by far — even as policymakers consider plans for an alternative energy future. The economic sanctions imposed on Russia by the United States and the European Union have pushed prices to multiyear highs amid growing fears of supply disruption. The discussion with Bosoni and Kaneva will explore questions surrounding supplies and what role governmental policy can play in addressing challenges.

    What: Baker Institute event, “Oil Market Update: Taking Stock After Russia’s Invasion of Ukraine.”

    Who: Bosoni will present the IEA’s latest monthly Oil Market Report, followed by comments from Kaneva. After the presentation, Mark Finley, fellow in energy and global oil at the Baker Institute, will moderate an audience Q&A.

    When: Wednesday, March 23, 9-10 a.m. CDT.

    Where: The event is free and open to the public, but registration is required. There are two ways to attend: register here to attend in person, or register here to attend virtually via Zoom.

    Follow Rice News and Media Relations via Twitter @RiceUNews.

    This news release can be found online at news.rice.edu.

    Founded in 1993, Rice University’s Baker Institute ranks as the No. 2 university-affiliated think tank in the world and the No. 1 energy think tank in the world. As a premier nonpartisan think tank, the institute conducts research on domestic and foreign policy issues with the goal of bridging the gap between the theory and practice of public policy. The institute’s strong track record of achievement reflects the work of its endowed fellows, Rice University faculty scholars and staff, coupled with its outreach to the Rice student body through fellow-taught classes — including a public policy course — and student leadership and internship programs. Learn more about the institute at www.bakerinstitute.org or on the institute’s blog, http://blog.bakerinstitute.org.

    Located on a 300-acre forested campus in Houston, Rice University is consistently ranked among the nation’s top 20 universities by U.S. News & World Report. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy. With 4,052 undergraduates and 3,484 graduate students, Rice’s undergraduate student-to-faculty ratio is just under 6-to-1. Its residential college system builds close-knit communities and lifelong friendships, just one reason why Rice is ranked No. 1 for lots of race/class interaction and No. 1 for quality of life by the Princeton Review. Rice is also rated as a best value among private universities by Kiplinger’s Personal Finance.

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