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Craig Pennington Quotes
«It doesn't matter that the government opens the strategic reserves because there is very little slack in the refining business.»
Author: Craig Pennington
«The expectation for an inventory build is built in across all the product areas with an outside risk of a surprise on heating oil.»
Author: Craig Pennington
«If we get a normal winter, we'll probably have enough inventories, but if we get a very harsh winter, inventories could collapse to unseen levels. The oil market would be very jittery with any supply disruptions.»
Author: Craig Pennington
«We had a warm start to the winter but now it is starting to look a bit ugly. The focus will be on cold weather for some time to come.»
Author: Craig Pennington
«Nigeria has always been a difficult place and now they have targeted the offshore platforms. They've never done that before. Obviously, that's very dangerous.»
Author: Craig Pennington
«We've been hearing about restarts and the system will be slowly getting back on its feet. There is a deficit of supply so anything that comes from outside the U.S. is going to be required and will help the situation.»
Author: Craig Pennington
«We've been hearing about restarts and the system will be slowly getting back on its feet.»
Author: Craig Pennington
«There isn't the spare capacity to make up for the missing production in the Gulf of Mexico. OPEC used to have 4 to 5 million barrels of spare capacity. That's down to about 1.5 million barrels a day this year.»
Author: Craig Pennington
«We've been hearing about restarts and the system will be slowly getting back on its feet. There is a deficit of supply so anything that comes from outside the U.S. is going to be required and will help the situation.»
Author: Craig Pennington
«We've been hearing about restarts and the system will be slowly getting back on its feet.»
Author: Craig Pennington