Nonresident Fellow
Nonresident Fellow in Energy and Global Oil
Oil markets are heading into 2026 with more uncertainty than prices suggest.
In this episode of “The Energy Forum,” Abhi Rajendran and Skip York discuss why oil prices have remained resilient despite apparent oversupply. They examine OPEC+ supply discipline, non-OPEC production growth, China’s oil stockpiling, and what these forces mean for market balance.
The conversation also explores geopolitics, sanctions, and tightening refining capacity, raising the risk that today’s soft crude prices could give way to higher fuel prices and a sharper rebound later this decade.
This conversation was recorded on Dec. 12, 2025.
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