Global markets overplaying oil glut

This is a China news story, published by CNBC, that relates primarily to Carlyle news.

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oil supply glut

CNBC

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Investors are 'dramatically overestimating' an oil glut, Carlyle's Jeff Currie says

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Concerns about a supply glut in the markets are "completely overplayed," Carlyle 's Jeff Currie said at the annual APPEC conference held in Singapore .

While China 's economy stays sluggish, China 's stale demand is overstated, said the chief strategy officer.

Currie attributed it to excessive pessimism about Chinese demand amid flat U.S. crude oil production.

OPEC+ is expected to increase production in 2025 in a move that would mark its first increase in three years .

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English

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