Vicki HollubCEO of Occidental ($OXY (+0.36%) ), warns of a possible bottleneck in oil supply by the end of 2025 due to insufficient replacement reserves for crude oil ($BRNT (-0.15%) ).

It emphasizes the need for increased exploration (search for new sources of oil) and productionto meet future demand.

Currently, an oversupply keeping oil prices low, but Hollub expects a shift in the balance of supply and supply and demand by 2025.

The forecast of OPEC points to rising global demand for oil, which will lead to a supply supply deficit unless production is increased.