“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.”
“The market remains very tight. There is a thin cushion of spare capacity. And the market keeps wanting to grow, even with these prices. Demand keeps going up, and there's the problem.”
“Even before Katrina we felt the market was on edge, a very tight market, with very little spare (refining) capacity anywhere along the chain.”
“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.),”
“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,”
“There is no shortage of actual physical supplies; what there is is a shortage of spare capacity.”
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