People will still watch gasoline because of maintenance and subsequent specification changes.
More Quotes from Craig Pennington:
A bit of the premium in the oil price on Iran has been taken off today.Craig Pennington
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
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
We've been hearing about restarts and the system will be slowly getting back on its feet.
Craig Pennington
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
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