Oil markets are nearing minimum operating levels in Asia, with Europe likely next and the U.S. potentially facing shortages by July, said Carlyle's Jeff Currie.

Oil markets are nearing minimum operating levels in Asia, with Europe likely next and the U.S. potentially facing shortages by July, said Carlyle's Jeff Currie.

Analysts warn record inventory drawdowns, collapsing Hormuz exports, and rising summer fuel demand are tightening markets far faster than expected.