Victor Shum Oil Quotations

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.

Natural gas is shooting off the charts. We are entering into winter and refineries need to build up heating oil inventories but its a problem when storms keep key facilities shut.

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

The crude oil that is going to be supplied is the heavy, sour kind, and there is not much refining capacity for that. Louisiana refineries can process that, but they are shut down.

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

Iran individually can't raise prices ... whether Iran will respond to sanctions with an oil embargo may lead to a spike in prices. But I don't think it will occur because it will affect oil revenue to Iran.

It forces the oil refineries to subsidize fuel so consumers in China don't feel much of the pain of high energy prices.

State-owned enterprises have perhaps more options than international oil companies. Without shareholders, they can go places that might not be politically acceptable.

But then the storm reloaded over the weekend, gained strength and set on a path toward the oil facilities, ... The people who sold on Friday are probably kicking themselves now.

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

Geopolitics is behind the surge in oil pricing... The Nigerian unrest has caused a disruption in supply.

Geo-politics is behind the surge in oil pricing... The Nigerian unrest has caused a disruption in supply.

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.

Cuts in exports of oil will spark off geo-political fears that will make traders think twice about selling. Traders don't want to be caught short.

The geopolitical drama over Iran and Nigeria is sending oil prices upwards. But Nigeria is more problematic in the short term, because it has actually disrupted supply.

The geopolitical drama over Iran and Nigeria is sending oil prices upwards.

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