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The Energy Forum | Center for Energy Studies | Podcast

2025 Oil Prices and Demand Outlook: OPEC+, Shale, and Global Supply Trends

July 29, 2025 | Abhi Rajendran, Harold “Skip” York
Oil rigs sitting in the ocean

Table of Contents

Author(s)

Abhi Rajendran

Nonresident Fellow

Harold “Skip” York

Nonresident Fellow in Energy and Global Oil

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Tags

OilOil and gasOil demandOil pricesGlobal energyThe Energy Forum

About the Episode

In this episode of “The Energy Forum,” we explore what’s shaping the global oil market as we head into the second half of 2025 and beyond. Center for Energy Studies nonresident fellows Abhi Rajendran and Skip York break down why oil demand surprised to the upside in early 2025, how OPEC+ is phasing out production cuts, and why non-OPEC supply growth is slowing. They examine the factors influencing prices through 2026 and what global demand might look like heading toward 2030 and beyond. 

This conversation was recorded on July 22, 2025. 

Subscribe and listen to “The Energy Forum” on Apple Podcasts, Spotify, YouTube, or wherever you listen to podcasts.

About ‘The Energy Forum’

Hosted by experts at the Baker Institute Center for Energy Studies, “The Energy Forum” podcast brings together policymakers, researchers, and industry leaders to explore key topics in energy and sustainability.

 

 

This material may be quoted or reproduced without prior permission, provided appropriate credit is given to the author and Rice University’s Baker Institute for Public Policy. The views expressed herein are those of the individual author(s), and do not necessarily represent the views of Rice University’s Baker Institute for Public Policy.

© 2025 Rice University’s Baker Institute for Public Policy
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