Mark Finley

@Dr_Ulrichsen @finley_mark and I wrote about the strong reasons for #UAE departure from #OPEC here bakerinstitute.org/research/shoul…

Quoted in this @sam__fields @Marketplace story on fuel rationing in lower-income countries. @CES_Baker_Inst #amid-a-global-shortage-some-countries-are-holding-on-to-their-oil" target="_blank" rel="nofollow noopener">marketplace.org/story/2026/04/…

@JavierBlas @EIAgov Note that EIA considers oil held by Chinese (national) companies as strategic, but does not do the same for inventories held by US companies. Not debating the nature of national companies, just flagging the distinction!

CHART OF THE DAY: The size of the 🇨🇳 Chinese strategic petroleum reserve is mind blowing: larger than 🇺🇸 US + 🇯🇵 Japan + the whole of 🇪🇺 Western Europe combined. Via @EIAgov — more: eia.gov/todayinenergy/…

A cease-fire with Iran may not lead to a sharp drop in prices at the pump, writes @finley_mark ⛽️ In a @nytimes op-ed, he explains how lost inventory, risk premiums, and shifting “normal” conditions could keep #OilPrices elevated. Read more: nytimes.com/2026/04/12/opi… #oott

Oil markets rallied after the cease-fire, but don’t expect quick relief at the pump. Disruptions in the Strait of Hormuz, reduced shipping, and rising insurance costs are keeping global supply tight. According to our nonresident fellow, @finley_mark, U.S. households could still face sustained high fuel prices and ripple effects across the economy. Read his full analysis in @nytimes: bit.ly/3OmQXeP

@Rory_Johnston Thanks! Would gov't-forced rationing be categorized under this system? There is clearly significant demand reduction (if not destruction) happening on that basis. I've noted elsewhere that markets can balance on price (demand destruction) or quantity (rationing).

Normally I talk about the two main types of demand destruction: Price elasticity (i.e., gasoline is really expensive so I'll drive less or buy an EV) vs Income elasticity (high oil prompted a financial crisis and I lost my job) But given how sharp the Hormuz crisis is we also need to add a third [shorter-term?] category of supply chain shortage: this would be primarily manifest as price-driven demand destruction but only at a local level, which could moderate over the medium term as supply chains adjust and pull barrels from other regions to fill the gap, spreading out that price pressure across a broader geography. First round of Hormuz-driven demand destruction is gonna be bumpier than we'd usually expect.

My guest opinion essay in @nytimes . @CES_Baker_Inst Don’t Expect Gas Prices to Go Down Anytime Soon nytimes.com/2026/04/12/opi… via @NYTOpinion

Had the pleasure to discuss global and US energy amid the ongoing Hormuz closure this AM on @cspan . @CES_Baker_Inst c-span.org/program/washin…

I’ll be live on ⁦@cspan⁩ Washington Journal Monday AM with ⁦⁦@JasJWright⁩ 9:15-10:00am Eastern to discuss the Hormuz crisis & energy. ⁦@CES_Baker_Inst⁩ c-span.org/event/washingt…

Quoted in this @Marketplace story by @DAckermanNews, along with @gjgolding @DallasFed and @karringham @TexasAllianceEP on potential drilling response to higher oil prices. @CES_Baker_Inst marketplace.org/story/2026/04/…

Quoted in this ⁦⁦@DavidGoldmanCNN⁩ article talking about prices at the pump. ⁦@CES_Baker_Inst⁩ cnn.com/2026/03/24/bus…

@T_Mason_H 118 responses to the Q on breakeven prices and only 34 on drilling plans!

Dallas Fed Energy Survey for Q1 2026 is out. 2 Notes on this chart: - Only 34 executives responded - That second sentence in the description does all the work

What’s the “Golden Rule” of the oil market? That it’s global. 📷 In @OGJOnline @finley_mark explores how recent Middle East shocks reinforce this—while “one-way” actors and restrictions on oil trade may challenge it. Read more: ogj.com/general-intere… #OOTT @BakerInstitute

A Golden Rule for oil: it's a global market...though a few exceptions have recently emerged. For now, those exceptions are relatively inconsequential, but larger risks may be developing. My latest. @CES_Baker_Inst @OGJOnline ogj.com/general-intere…

Gas prices are rising fast & the impacts could go beyond the pump. ⛽ In a new article in the @OGJOnline, Mark Finley explores how rising fuel costs could affect inflation and reshape energy markets. Read more: ogj.com/general-intere… #EnergyMarkets #OilAndGas #oott

Rising gasoline prices and their impact on US inflation and economy | Oil & Gas Journal. ⁦@CES_Baker_Inst⁩ ogj.com/general-intere…

Quoted along with @Bob_McNally and @kevinbookdc in this @WashPost piece. @CES_Baker_Inst High gas prices could soon start squeezing oil companies, too wapo.st/4biFiX7

Discussed the energy impact of war in the Persian Gulf on @wbur On Point with @MeghnaWBUR. Link to a replay will be posted here: wbur.org/radio/programs… @CES_Baker_Inst

@JavierBlas @Rory_Johnston @Jamie__Ingram @cbjom Nothing on @ENERGY website or social media? When will the SPR tender come out? (And when will the oil reach the market?)

@Rory_Johnston @Jamie__Ingram @cbjom Trump has confirmed the US is participating

Wait... the US hasn't actually agreed to its portion of the IEA release?

@JavierBlas I’d say their actions show they’re feeling political pressure already…

BREAKING: US gasoline retail prices are now higher than at any point since Donald Trump has been president (including both the 1st and 2nd term). AAA data puts US nationwide average at $3.32 per gallon. The White House will start to feel political pressure above $3.5 a gallon.