91 Quotes by Victor Shum

The potential supply disruption risk premium has already been built into the price and because there really is no immediate threat to supply ... prices are correcting downwards.

Working together in a joint venture... is always challenging. Here you're combining different cultures, political systems and both are after some prize assets.

Vehicle sales growth has been dramatic compared to last year. This suggests that the future demand for oil products will remain strong.

The OPEC suggestion that they would not cut production targets has had a calming effect on the market.

There is certainly the possibility (of prices hitting USD70). The recent events have attracted speculators and oil has become a lot like an investment.

There is certainly the possibility (of prices hitting 70 dollars). The recent events have attracted speculators and oil has become a lot like an investment.

Louisiana refineries can process that, but they are shut down.

Short term events like this which are unpredictable can drive a high price floor for crude prices. That is why we are seeing pricing in the high 50s even though the market is well supplied.

Natural gas pricing is an immediate telltale sign of the winter situation: it is fairly mild, and this is likely to impact heating oil and crude demand as well.