Shrinking Oil Inventories Raise Fears of Prolonged Energy Crisis

Global oil inventories are fast approaching a critical point, with Asia the first facing “minimum operational levels” and Europe close behind. This is the latest in a growing series of warnings from industry experts about the state of oil supply and the prospects of a severe shortage.

It seems the world is running out of time to avert a much bigger crisis than we already have. Asia is already struggling with supply, Jeff Currie, Senior Advisor at the Carlyle Group, told CNBC this week.