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.

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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" []().