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Craig Pennington Quotes

The expectation for an inventory build is built in across all the product areas with an outside risk of a surprise on heating oil. - Craig Pennington

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Expectation | Inventory | Build | Built | Product |

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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. - Craig Pennington

The refineries are entering their biggest period of maintenance. People will start to look for the refinery run rates and look for bigger-than-expected draws on gasoline. - Craig Pennington

People will still watch gasoline because of maintenance and subsequent specification changes. - Craig Pennington

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