The Zhitong Finance App learned that Jeff Currie, Carlyle Group's Chief Strategy Officer for Energy Pathways, said that even if high prices push the central bank to maintain interest rates, this is positive for the industry because it shows strong potential demand.
Currie said, “What we're saying is that interest rates will stay high for a longer period of time because the economy is growing very well.” “We are seeing a renewed acceleration in overall growth.”
Therefore, the possibility that oil prices will rise above $100 per barrel is “very high,” Currie added. Brent crude oil futures traded close to $88 per barrel on Tuesday, and traders weighed the changing risk of the Middle East conflict on supply.
Currie said the Gulf OPEC oil producers Saudi Arabia and the United Arab Emirates now have more influence on the crude oil market than ever before because they have the last remaining idle capacity in the market.