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Carlyle: Mkts Are Overstating Oil Glut
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Jeff Currie, chief strategy officer of Energy Pathways at The Carlyle Group Inc. (CG.US), a private equity giant, said at the Annual Asia Pacific Petroleum Conference that the global markets are overstating the oil oversupply issue, mainly due to excessive pessimism about China's crude oil demand in the face of flat crude oil production in the US, according to CNBC. Currie explained that base effects and destocking factors exacerbated the weak demand for crude oil in China. AAStocks Financial News |
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