# 12: 2025 Oil Prices and Demand Outlook: OPEC+, Shale, and Global Supply Trends

Page: https://stenobird.com/podcast/the-energy-forum-7083503/12-2025-oil-prices-and-demand-outlook-opec-shale-and-global-supply-trends
Text version: https://stenobird.com/podcast/the-energy-forum-7083503/12-2025-oil-prices-and-demand-outlook-opec-shale-and-global-supply-trends.md
Podcast: [The Energy Forum](https://stenobird.com/podcast/the-energy-forum-7083503)
Published: 2025-07-29T19:56:00+00:00
Episode link: https://energyforum.podbean.com/e/2025-oil-prices-and-demand-outlook-opec-shale-and-global-supply-trends/
Audio file: https://mcdn.podbean.com/mf/web/6mxam49ybnh9fkzu/secure_fa5e6849-d056-41cc-b969-00947d6576f1_The_Energy_Forum_Oil2.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-energy-forum-7083503/episodes/12-2025-oil-prices-and-demand-outlook-opec-shale-and-global-supply-trends
Duration seconds: 1644

## Resource

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. Follow Abhi Rajendran on X and LinkedIn. Follow Skip York on LinkedIn. You can follow @BakerInstitute and @CES_Baker_Inst on X, Instagram, LinkedIn, and YouTube. Learn more about our data-driven, nonpartisan policy research and analysis at bakerinstitute.org.

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## Transcript

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