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Oil Prices Near Critical Levels

Updated 2026-05-25 05:05 UTC 1 source Negative

Oil markets in Asia are nearing minimum operating levels, with Europe and the U.S. potentially facing shortages by July, according to warnings from Carlyle's Jeff Currie.

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Oil market at 'tank bottoms' in Asia — and Europe isn't far behind — warns Carlyle's Currie

Oil markets are nearing minimum operating levels in Asia, with Europe likely next and the U.S. potentially facing shortages by July, said Carlyle's Jeff Currie.

2026-05-25 05:00 UTC