Investors are 'dramatically overestimating' an oil glut, Carlyle's Jeff Currie says
Carlyle(CG) CNBC·2024-09-10 14:14
An oil pump jack is shown in a field on June 27, 2024 in Stanton, Texas. Concerns about a supply glut in the markets are "completely overplayed," Currie said at the annual Asia Pacific Petroleum Conference in Singapore, attributing it to excessive pessimism about Chinese demand amid flat U.S. crude oil production. SINGAPORE — Global markets are severely overplaying an oil supply glut, said Jeff Currie, chief strategy officer of energy pathways at private equity giant Carlyle. The key issue there is, the mar ...