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Victor Shum Quotes
«It's the geopolitical fear factor that's driving the market now,»
Author: Victor Shum
«Even if there's available crude for release, if there's no refining capacity that they can use, what good is that?»
Author: Victor Shum
«It forces the oil refineries to subsidize fuel so consumers in China don't feel much of the pain of high energy prices.»
Author: Victor Shum
«Working together in a joint venture... is always challenging. Here you're combining different cultures, political systems and both are after some prize assets.»
Author: Victor Shum
«It looks like the perfect storm to drive prices up.»
Author: Victor Shum
«The release of crude out of the Strategic Petroleum Reserve is not as critical as making sure that there is enough refined product supply and that there are refineries to process the crude.»
Author: Victor Shum
«The market is reacting to the tropical storm in the Gulf of Mexico which could affect platforms and refineries,»
Author: Victor Shum
«Expect volatility in the short term and the market will attempt to react to news with an upward bias.»
Author: Victor Shum
«There's a lot of market talk about whether we're going to hit the psychological 65 dollars a barrel mark or even 70 dollars in the near future. I think it will depend on how the geopolitical problems are played out.»
Author: Victor Shum
«It's not only the suspension of production that's causing concern, it's the fact that we could see potential damage to the platforms, which would cause longer disruptions to production.»
Author: Victor Shum