“Supplies are ample and stockpiles are rising. We're still lacking spare production capacity but the market is fairly happy that there's a good buffer in place in the form of inventories.”
Simon Wardell
“The market is perfectly well supplied at the moment but spare capacity is very limited.”
Claude Mandil
“Historically, spare capacity of 1 to 2 million b/d is still very low considering all the uncertainties on supply in Nigeria, Iraq, Iran and the Gulf of Mexico and it means there's not a huge margin of flexibility if anything should happen to those producers.”
David Fyfe
“There is so little spare capacity and many risks to supply.”
“We cautiously welcome OPEC's decisions to make its full spare capacity available to the market and to commit to a future dialogue,”
Gordon Brown
“There is no shortage of actual physical supplies; what there is is a shortage of spare capacity.”
Doug Leggate
“As long as U.S. rates are rising you've got this double-whammy effect of spare cash looking for yield and yield is there (in the U.S.),”
Luke Waddington
