Victor Shum - IHS


Last quote by Victor Shum

Various producers will try to comply, but I think compliance will slip versus what has happened in the first half of this year. It seems like OPEC really faces a mission impossible at this time, which is to try to tighten oil markets and to sustain oil
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Jul 24 2017 OPEC
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Victor Shum is associated, including September, Vienna, and budget. Most recently, Victor Shum has been quoted saying: “OPEC producers have under-estimated the volumes to be taken off the market. The drawdown in the U.S. inventories is not going to be fast and furious. Ultimately, the objective is to support prices. Gulf producers need money to balance the budget. That's a strong incentive to cut more than they have.” in the article OPEC in driver’s seat as ‘Fast and Furious’ oil stock draw eludes.
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