2025 Oil price forecast: key market factors

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Uday Turaga, CEO and Founder of ADI Analytics, talked about how, based on the company’s analysis, oil prices in 2025 were expected to fluctuate mostly between the high $60s and low $70s per barrel. However, ADI foresaw a greater downside risk due to potentially oversupplied markets and sluggish global demand for oil. The cooling of the Russia‑Ukraine conflict could have brought more Russian oil to the market, exerting downward pressure on prices. Conversely, increased tensions with Iran and stricter sanctions could have reduced their oil exports, potentially causing a temporary price increase. He went on to predict that OPEC+ would likely attempt to stabilize the market, but overall geopolitical risks were expected to have less influence on oil prices compared to previous years. A potential second Trump administration’s deregulation of oil markets was not expected to significantly boost U.S. shale production, as operators were more focused on profits rather than increasing output. Furthermore, any significant rise in U.S. production could have further depressed prices given the global oversupply concerns.

About ADI Analytics

ADI is a prestigious, boutique consulting firm specializing in oil and gas, energy, and chemicals since 2009. We bring deep expertise in a broad range of markets where we support Fortune 500, mid-sized and early-stage companies, and investors with consulting services, research reports, and data and analytics, with the goal of delivering actionable outcomes to help our clients achieve tangible results.

We also host the ADI Forum that brings c-suite executives together for meaningful dialogue and strategic insights across the oil & gas, energy transition, and chemicals value chains. Learn more about the ADI Forum.


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