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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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. - 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. - Craig Pennington

With oil prices at $60 a barrel it was a foregone conclusion they were not going to cut. If you do see disruption from Nigeria, if you do see disruption from Iran, the oil price will go substantially higher from here. So OPEC is reluctant to start turning the taps off just now. - Craig Pennington