The Oil Market at 'Tank Bottoms': A Global Crisis Unfolding The oil market is facing a critical supply squeeze, with Asia already at "minimum operating levels" and Europe likely to follow suit within weeks.
This precarious state is a stark reminder of the far reaching consequences of global events.
Carlyle's Jeff Currie warns that the situation is dire, exacerbated by the Iran war's disruption of energy exports from the Middle East.