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103 ordspråk av Victor Shum

Victor Shum

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en It's a little pullback from the record last Friday.
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en A lot of the price rise is due to geopolitical concerns fuelling speculative interest.
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en It is part of China's efforts to avoid becoming too reliant on any one energy type and to diversify sources of supply,
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en If you have a portion of your power requirement generated by nuclear, there is less of a need for other types of fuel.
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en It's reacting to the US energy department report.
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en The tropical depression is certainly within the radar screens of traders, though it seems to be too early to tell whether it would develop into a storm, and its direction.
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en 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.
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en In the next few days, depending on how the geopolitical problems play out, it is possible the market would correct as players take profits, ... But for now, we certainly are in uncharted territory.
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en The market sentiment is not whether crude will one day reach $70 [a barrel]; the question is when. We are now heading into the fourth quarter, a seasonally higher demand period.
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en If it's cold, you need to turn on the heating. It's not like gasoline, which you can conserve.
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en Louisiana refineries can process that, but they are shut down.
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en 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.
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en Here's the concern. We're heading into the last quarter of the year, the winter peak demand season. Energy costs for consumers and industries certainly will be high.
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en It's the geopolitical fear factor that's driving the market now,
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en Even if there's available crude for release, if there's no refining capacity that they can use, what good is that?
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