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