Dr. Carole Nakhle joined Nigel D’Souza on The Big C, CNBC-TV18’s flagship business program and one of India’s leading news platforms, to deliver a clear-eyed analysis of the oil markets and what to expect in the second half of 2025.
Key takeaways from the interview include:
- Short-term support, long-term fragility: While seasonal demand and tariff relief offer temporary price boosts, structural challenges—particularly in China—continue to weigh down on global demand.
- Market in balance: Long-term price trends indicate a comfortably supplied market, despite daily price fluctuations.
- Price spikes possible, sustained highs unlikely: Geopolitical tensions may cause price surges, but the durability of these spikes remains uncertain.
- Geopolitics remains a risk factor: Policy-driven disruptions, such as U.S. secondary sanctions on Russia, represent the primary supply threats in today’s geopolitical landscape.
- A transformed oil market: Oil no longer dominates the global economy as it once did, fundamentally altering how price movements and policy impacts should be understood.
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