Oil Price Won't Go Down Even as Production Rises: Currie

Jeff Currie, chief strategy officer of energy pathways at Carlyle, talks about the oil market following the decision by OPEC+ to boost output again. "There's no spare production capacity in the system," Currie tells Bloomberg's Francine Lacqua, adding that Saudi Arabia is in the "driver's seat." He adds: "I'm not going to completely discount inventory build as the market absorbs this production increase sometime in the next 12 months, but that doesn't mean prices are going to go down."

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