Gerard Burg Quotes

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

Tags

Spare | Refining | Capacity | Refine | Starting |

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These concerns also led to a reduction in speculative long positions in the futures market, resulting in less speculative support for spot prices. - Gerard Burg

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

Prices are expected to ease in 2007 as expanding refinery capacity reduces some of the bottleneck in that sector. However, the likely strength of oil demand, as well as the Organization of Petroleum Exporting Countries' intention to support higher prices will maintain crude oil prices at historically high levels. - Gerard Burg