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Secretary Wright Says U.S. Shale Will Thrive and Sees No Collision with OPEC, on CNBC from the UAE

April 14, 2025 · U.S. Department of Energy · 0:01:41

Embedded from the source channel — never re-uploaded. Watch on YouTube

What happened

In a CNBC segment from the United Arab Emirates aired April 11, 2025, Secretary of Energy Chris Wright said he remains bullish on the U.S. shale industry despite lower oil prices, according to the Department of Energy broadcast. Wright said he does not see the administration’s push for lower prices as a collision course with OPEC, describing a long-term shared vision of a well-supplied world with more stable, lower-priced energy, as stated in the interview.

Wright said the administration has not had direct conversations with OPEC about production levels — those are set by OPEC, and the U.S. is not a member — but has shared its vision with producers, and he expects OPEC to add more barrels to the market, according to his remarks. He emphasized that no country or administration sets oil and natural gas prices; they are set in the marketplace, as stated in the segment.

Why it matters

The clip captures the administration’s balancing act in spring 2025: pressing for lower oil prices for consumers while reassuring both U.S. shale producers and OPEC partners that Washington is not trying to dictate the market.

Sources: U.S. Department of Energy, “Secretary Wright Joins CNBC’s Dan Murphy - April 11th, 2025”, 2025-04-14 (official upload, embedded above; published 2025-04-14). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.