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Oil market at 'tank bottoms' in Asia, and Europe isn't far behind, Carlyle's Currie says
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- Oil markets are nearing minimum operating levels in Asia, with Europe likely next and the U.S.
- Headline global inventory figures can be misleading, Currie warned, as much of the oil stored worldwide cannot be used immediately.
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Oil markets are nearing minimum operating levels in Asia, with Europe likely next and the U.S. potentially facing shortages by July, Jeff Currie, Carlyle's chief strategy officer of energy pathways, said Monday, underscoring the global energy shock due to the Iran war.
Headline global inventory figures can be misleading, Currie warned, as much of the oil stored worldwide cannot be used immediately.
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