2025 Oil Prices and Demand Outlook: OPEC+, Shale, and Global Supply Trends
Table of Contents
Author(s)
Abhi Rajendran
Nonresident Fellow
Harold “Skip” York
Nonresident Fellow in Energy and Global Oil
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.
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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.
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