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

 

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.


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This quote is just one of 6 total Craig Pennington quotes in our collection. Craig Pennington is known for saying '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.' as well as some of the following quotes.

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

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

The expectation for an inventory build is built in across all the product areas with an outside risk of a surprise on heating oil.

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