Victor Shum - IHS

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Last quote by Victor Shum

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.feedback
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May 05 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: “Output will likely increase. There's going to be a slippage in compliance.” in the article If OPEC cheats on its production cuts, here's when that oil probably starts flowing.
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Quotes by Victor Shum

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