23 Quotes by Paul Horsnell

The initial question is where is the 2 million barrels going to come from.

The industry has gone through such a contraction that getting it to expand again is proving difficult. These companies are not equal to the sum of their parts.

The market seems to have pushed far too far, far too fast and on the basis of far too little hard information.

The maximum amount of oil product that can be managed into the U.S. is two million barrels a day. Logistically, it's quite challenging.

The loss of short-haul heavy crude oil imports into the U.S. market is now becoming significant. None of that effect is currently in the U.S. weekly data, although it can be expected to depress imports in at least the next two weeks of data.