Global oil markets are nearing critical lows, with Asia already at or near minimum operating levels and Europe expected to follow, according to Jeff Currie, chief strategy officer of energy pathways at Carlyle.
The U.S. could face shortages by July, he added in remarks Monday.
Analysts have previously noted that stockpiles may not recover until late 2027, raising concerns about the resilience of the global supply buffer.
The warning comes amid a broader decline in global oil inventories, which have been shrinking at an unprecedented pace.
Analysts have previously noted that stockpiles may not recover until late 2027, raising concerns about the resilience of the global supply buffer.
Currie's comments underscore growing unease in the energy sector about the potential for supply disruptions, particularly in light of ongoing geopolitical tensions and logistical bottlenecks.
The Strait of Hormuz, a key shipping chokepoint, has been a focal point of concern for market participants.