Global energy leaders gather in Houston for CERAWeek as oil prices rise and tensions in the Middle East impact markets.
HOUSTON — As oil and gas prices rise during the war in Iran, one of the world’s biggest energy conferences is underway in Houston. The annual gathering is bringing together global industry leaders, government officials and thousands of attendees at a pivotal moment for the energy market.
CERAWeek, now in its 44th year, is taking place in downtown Houston.
Known as the “Super Bowl of energy,” the conference is being held primarily at the Hilton Americas and inside the George R. Brown Convention Center.
Organizers say the event is attracting about 10,000 people from 85 countries.
This year’s conference comes as conflict in Iran and elsewhere in the Middle East continues, while Venezuela also faces upheaval.
The event is also unfolding as gas prices in the U.S. are rising.
U.S. Secretary of Energy Chris Wright is one of the headliners at this year’s conference and spoke during a session Monday morning.
“Short-term disruptions right now — but to end a multi-decadal problem and lead to a world that’s much more powerful, can be much more prosperous and much more securely energized,” Wright said.
He is not the only cabinet member in Houston for the event.
U.S. Secretary of the Interior Doug Burgum also attended and signed an agreement with Total Energies earlier in the day.
According to the report, that agreement reverses some arrangements regarding wind power made under the Biden administration.
CERAWeek continues all week and is expected to have a significant impact on Houston’s economy because of the number of attendees.
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