Led by Saudi Arabia, OPEC’s decision to maintain production levels despite falling prices was a surprise to many in the energy industry. Various reasons for OPEC’s decision have been put forth such as a desire to discourage U.S. shale production or to undermine Iran’s oil based economy.

Panelists James B. Adams, Chris Faulkner, Pradeep Anand and David Livingston discussed the possible rational behind OPEC’s decision, what this means for the markets and the oil producing countries, and what we can expect for the near future.

This event was originally published by the World Affairs Council of Houston.