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Gerard Burg Quotes

We've still got a capacity squeeze from that area. Demand has been very strong short-term and we expect it will be strong next year. - Gerard Burg

Tags

Capacity | Squeeze | Area | Demand | Strong |

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We see prices continuing to rise during the year but the real question is whether we have pushed up a bit too high with speculative interests. I wouldn't be surprised if it came off a little. - Gerard Burg

The big positive there was that refinery utilization appears to be on the rise now. The main one coming back on line was the BP Texas City refinery, so with that one coming back we should see further increases over the next few weeks. - Gerard Burg

You've got to wonder, where would it go? There's no spare refining capacity to refine it and we're starting to run out of places to store it. Crude stocks are swelled and there's little demand for that additional supply. - Gerard Burg

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