If there was an oil supply glut, prices would be collapsing: Carlyle's Currie
Jeff Currie on the Oil Market "Supply Glut" Myth
The central thesis is that the "bearish" consensus is relying on flawed data regarding supply.
While paper markets show a surplus, physical indicators—such as the lack of land-tank filling and high refinery demand—suggest the market is much tighter.
With record-high short interest and rising geopolitical tensions, the market is primed for an upward correction.
1. The "Supply Glut" vs. Reality
- The Visibility of Gluts: Jeff Currie argues that a genuine supply glut is not something you have to "scrape the data" to find [00:03:04](). Instead, a real surplus should "hit you over the head like a sledgehammer" []().
References
Disclaimer: Orignal content owned by or sourced from third parties. It does not represent the views of 'Nuggets' platform or it's team. AI is used extensively across this platform including for summaries. Accuracy is not guaranteed, there can be mistakes. Any info or content on this platform is not a financial, legal, or investment advice. Do your own research. Refer for complete disclosures:- Terms of Use · Full Disclaimer
More nuggets
Jul 16, 2026
BofA: From sports to pop culture: Prediction markets $1 trillion bet | 14 Jul 2026
1. Executive Briefing TL;DR The Core Thesis: Prediction markets are undergoing an exponential, institutional grade expansion, driven by massive sports liquidity events like the FIFA World Cup and the structural entry of regulated finance/b…
Jul 16, 2026
The Bridge Ep. 13: Good Credit Holds. Bad Credit Breaks | iCapital
"As investors we're always very downside focused and so we don't take compliments well so we appreciate that but we want to stay humble because you can never get complacent in any kind of market." Vivek Bantwal 01:08 http://www.youtube.com…
Jul 16, 2026
Risk, Resilience, and Relationships Ft. Alona Gornick (MD & Senior Investment Strategist, Churchill Asset Management) |16 Jul 2026 | S&P Global Market Intelligence
"I was probably more focused on whether a deal looked attractive on its own right and now I think about a lot more in terms of is the business we're lending to the right company is it, you know, the right capital structure and are we getti…