Craig Pennington Quotes

There is an increasing challenge for OPEC next year. If you look at what people expected last year, non-OPEC supplies have disappointed and demand has been stronger. The result has been in OPEC's favor. But next year will be tougher. And they will not want prices to drop below $50 a barrel. They will need to cut production.

- Craig Pennington

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Increasing | Challenge | Opec | Year | People |

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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. - Craig Pennington

A bit of the premium in the oil price on Iran has been taken off today. The market interpretation (of U.S. comments) is that there will be no sanctions and that oil won't be used. - 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. - Craig Pennington