Gerard Burg Quotes

With refineries ramping up at maximum capacity and with the weather having been warmer than usual over the past two weeks, the build was not that much of a surprise.

- Gerard Burg

Tags

Refineries | Ramping | Maximum | Capacity | Weather |

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The path of Rita really spared most of the damage to refineries that was the concern. There's still a lot of pressure on the market, particularly due to tight capacity. - 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

At least for the short term this has removed some of the concerns that we might see, first of all, some sanctions imposed and then a cut in output as a response. The situation is unresolved and this still leaves the potential for further events to influence prices. - Gerard Burg