“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.”
“The market is perfectly well supplied at the moment but spare capacity is very limited.”
“Even before Katrina we felt the market was on edge, a very tight market, with very little spare (refining) capacity anywhere along the chain.”
“There is no shortage of actual physical supplies; what there is is a shortage of spare capacity.”
“There is so little spare capacity and many risks to supply.”
“This is really much more important than OPEC supply as their spare capacity is largely heavy and sour and the real shortage is capacity to upgrade such fuels anyway.”
“This is really much more important than OPEC supply as their spare capacity is largely heavy and sour and the real shortage is capacity to upgrade such fuels anyway,”
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