Craig Pennington Quotes

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

Tags

Prices | Barrel | Foregone | Conclusion | Disruption |

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If we get a normal winter, we'll probably have enough inventories, but if we get a very harsh winter, inventories could collapse to unseen levels. The oil market would be very jittery with any supply disruptions. - Craig Pennington

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