Guy Caruso
Guy Caruso
disrupted environment living oil supply
There's very little upstream capacity. We're still living in a disrupted world oil supply environment.
arabia barrels continue million outlook per spare tight
In our outlook we only have two million barrels per day of spare capacity, most of which will be in Saudi Arabia and most of which will be sour. We continue to see that as a pretty tight market.
compared expect last price winter
Clearly, we expect significant price expenditures (for heating fuels) this winter compared to last winter,
predicting saying
We're not predicting that we're just saying that's possible.