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【TOP 50】Victor Shum Quotes - WhatsApp Status | Page-1

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Page 1 of 3, Showing 50 of 102 Records

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The market is reacting to the tropical storm in the Gulf of Mexico which could affect platforms and refineries, - Victor Shum Quotes

The market is reacting to the tropical storm in the Gulf of Mexico which could affect platforms and refineries,

With lingering concerns over Iran, Nigeria ... the market is correcting upwards because it is focusing on fears in the geo- political realm. - Victor Shum Quotes

With lingering concerns over Iran, Nigeria ... the market is correcting upwards because it is focusing on fears in the geo- political realm.

Even if there's available crude for release, if there's no refining capacity that they can use, what good is that? - Victor Shum Quotes

Even if there's available crude for release, if there's no refining capacity that they can use, what good is that?

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

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

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. - Victor Shum Quotes

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.

There is momentum for a retreat in the oil pricing as the focus of the market is on the bearish fundamentals. - Victor Shum Quotes

There is momentum for a retreat in the oil pricing as the focus of the market is on the bearish fundamentals.

Focus

Gasoline inventories in the U.S. continue to be an issue in the market because last week's inventory report showed a stock decline as we approach the summer driving season. - Victor Shum Quotes

Gasoline inventories in the U.S. continue to be an issue in the market because last week's inventory report showed a stock decline as we approach the summer driving season.

The fundamentals are quite bearish ... the inventory data ... essentially confirmed that the market is (well) supplied with product. - Victor Shum Quotes

The fundamentals are quite bearish ... the inventory data ... essentially confirmed that the market is (well) supplied with product.

Overall pricing is still high... but it's not going to surge to 70 or beyond just yet. - Victor Shum Quotes

Overall pricing is still high... but it's not going to surge to 70 or beyond just yet.

What's driving the market right now is geo-political concerns. One concern is the situation in Nigeria. - Victor Shum Quotes

What's driving the market right now is geo-political concerns. One concern is the situation in Nigeria.

A lot of uncertainty remains in how the Iranian situation will work itself out. There is some concern in the Asian market on whether Iran is a reliable supplier. - Victor Shum Quotes

A lot of uncertainty remains in how the Iranian situation will work itself out. There is some concern in the Asian market on whether Iran is a reliable supplier.

We can expect an overall high floor in prices this week. - Victor Shum Quotes

We can expect an overall high floor in prices this week.

Nigeria and Iran are the main driving concerns ... the correction in the market today is likely to be limited because of lingering supply concerns. - Victor Shum Quotes

Nigeria and Iran are the main driving concerns ... the correction in the market today is likely to be limited because of lingering supply concerns.

What the market has found is that the $68-level has a rather strong resistance, and so the contract is now retreating slightly on profit taking. - Victor Shum Quotes

What the market has found is that the $68-level has a rather strong resistance, and so the contract is now retreating slightly on profit taking.

It is a correction. Oil is rebounding because the market felt it was oversold. - Victor Shum Quotes

It is a correction. Oil is rebounding because the market felt it was oversold.

The threat to supply disruption is keeping traders edgy. - Victor Shum Quotes

The threat to supply disruption is keeping traders edgy.

Geo-political factors in [Iran and Nigeria] could bring prices back up quickly. Any downside in prices is limited by these geo-political fears. - Victor Shum Quotes

Geo-political factors in [Iran and Nigeria] could bring prices back up quickly. Any downside in prices is limited by these geo-political fears.

This morning the price crept upwards so the market continues to be driven by the short-term geopolitical (pressures) primarily in Nigeria. - Victor Shum Quotes

This morning the price crept upwards so the market continues to be driven by the short-term geopolitical (pressures) primarily in Nigeria.

Nobody knows what to expect next. That's why the crude market is apprehensive. - Victor Shum Quotes

Nobody knows what to expect next. That's why the crude market is apprehensive.

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

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

The Nigerian situation is really [about] disrupting production facilities, whereas the Iran situation remains more of a political problem. - Victor Shum Quotes

The Nigerian situation is really [about] disrupting production facilities, whereas the Iran situation remains more of a political problem.

The current Iranian developments, though they will not cause any immediate disruption to oil supply, have caused some anxiety on the part of traders. - Victor Shum Quotes

The current Iranian developments, though they will not cause any immediate disruption to oil supply, have caused some anxiety on the part of traders.

If it's cold, you need to turn on the heating. It's not like gasoline, which you can conserve. - Victor Shum Quotes

If it's cold, you need to turn on the heating. It's not like gasoline, which you can conserve.

The market is focused on the fact that the market is well supplied - both in products and in crude - while the Iranian situation stays in the background. - Victor Shum Quotes

The market is focused on the fact that the market is well supplied - both in products and in crude - while the Iranian situation stays in the background.

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. - Victor Shum Quotes

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.

Louisiana refineries can process that, but they are shut down. - Victor Shum Quotes

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

The traders are simply taking profits. They want to lock-in their gains before the inventory report comes out on Wednesday. - Victor Shum Quotes

The traders are simply taking profits. They want to lock-in their gains before the inventory report comes out on Wednesday.

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

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

The market is on edge; it's looking for directions. There's a lot of volatility now, which is characteristic of a tight supply situation. - Victor Shum Quotes

The market is on edge; it's looking for directions. There's a lot of volatility now, which is characteristic of a tight supply situation.

Once the psychological level of 70 dollars was breached, there was momentum which spurred fresh buying. Passing the 70.85 dollar level is inevitable. - Victor Shum Quotes

Once the psychological level of 70 dollars was breached, there was momentum which spurred fresh buying. Passing the 70.85 dollar level is inevitable.

I expect the market to be down today but continued concerns of winter season supply will put a high floor in prices. - Victor Shum Quotes

I expect the market to be down today but continued concerns of winter season supply will put a high floor in prices.

The market is reacting to some rhetoric regarding the Iranian situation. - Victor Shum Quotes

The market is reacting to some rhetoric regarding the Iranian situation.

There is no fundamental reason driving prices back up. Market participants felt that the 60 dollar level is an important mark and dropping below 60 is too much of a fall. - Victor Shum Quotes

There is no fundamental reason driving prices back up. Market participants felt that the 60 dollar level is an important mark and dropping below 60 is too much of a fall.

Because of this, there is concern of a potential disruption in gasoline supplies due to this switch-over. - Victor Shum Quotes

Because of this, there is concern of a potential disruption in gasoline supplies due to this switch-over.

The market is showing signs of upward buying and is really extending gains from last week. The focus is on the supply disruption, primarily out of Nigeria. - Victor Shum Quotes

The market is showing signs of upward buying and is really extending gains from last week. The focus is on the supply disruption, primarily out of Nigeria.

Focus

It's a lingering fear [in Nigeria], so even though it is sort of old news, the market is concerned about it. - Victor Shum Quotes

It's a lingering fear [in Nigeria], so even though it is sort of old news, the market is concerned about it.

Fear

The general market expectation is that OPEC will not change the quotas. - Victor Shum Quotes

The general market expectation is that OPEC will not change the quotas.

Today the market seems to adjusting downward because all the upward surge over the past few days was a little overdone. - Victor Shum Quotes

Today the market seems to adjusting downward because all the upward surge over the past few days was a little overdone.

Past

It's possible that as the summer driving season gets closer, just like last year, traders will focus more and more on products. - Victor Shum Quotes

It's possible that as the summer driving season gets closer, just like last year, traders will focus more and more on products.

There is quite a bit of uncertainty [in Iran] that could go either way. It's not going to be settled anytime soon, so it's providing a high floor to pricing. - Victor Shum Quotes

There is quite a bit of uncertainty [in Iran] that could go either way. It's not going to be settled anytime soon, so it's providing a high floor to pricing.

While Iran has said that they do not intend to use oil as weapon, if [hit by] sanctions, Iran may use oil as a weapon. - Victor Shum Quotes

While Iran has said that they do not intend to use oil as weapon, if [hit by] sanctions, Iran may use oil as a weapon.

This morning the market is continuing its momentum ... from the response to the inventory report from the US. - Victor Shum Quotes

This morning the market is continuing its momentum ... from the response to the inventory report from the US.

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

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

What is driving the market are two issues. - Victor Shum Quotes

What is driving the market are two issues.

Crude inventory went up and the market is concerned about the continuing gasoline stock draw in the US market and the peak summer driving season that starts in late May. - Victor Shum Quotes

Crude inventory went up and the market is concerned about the continuing gasoline stock draw in the US market and the peak summer driving season that starts in late May.

Besides the fundamental supply and demand information, prices are driven by the emotional momentum of the Iranian issue. - Victor Shum Quotes

Besides the fundamental supply and demand information, prices are driven by the emotional momentum of the Iranian issue.

The pullback appears to be due to profit-taking, which is not surprising considering prices have really surged in the past few days. The decline will not be large because the Iranian issue is keeping a high floor under prices. - Victor Shum Quotes

The pullback appears to be due to profit-taking, which is not surprising considering prices have really surged in the past few days. The decline will not be large because the Iranian issue is keeping a high floor under prices.

With all these events in the Middle East, prices hit the psychological level of 70 (dollars) and settled above it. - Victor Shum Quotes

With all these events in the Middle East, prices hit the psychological level of 70 (dollars) and settled above it.

It's a little pullback from the record last Friday. - Victor Shum Quotes

It's a little pullback from the record last Friday.

A lot of the price rise is due to geopolitical concerns fuelling speculative interest. - Victor Shum Quotes

A lot of the price rise is due to geopolitical concerns fuelling speculative interest.

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