Craig Pennington Quotes

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

Tags

Spare | Capacity | Missing | Production | Gulf |

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People are looking to product spec changes and the disruption that will be caused by product spec changes. - 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

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