The bottom line becomes the available spare capacity within OPEC ... and the markets have started to focus on that, it is likely that concern will support prices all through the summer, while demand continues to be strong during the summer peak. Victor Shum More Quotes by Victor Shum More Quotes From Victor Shum The bottom line becomes the available spare capacity within OPEC ... and the markets have started to focus on that. Victor Shum business OPEC is indeed increasing supplies, practising their market share first strategy. Victor Shum energy The market is going to be held in suspense for a few weeks, there is going to be pressure on the participants in the meeting to ensure they achieve something. Otherwise they risk the support-market sentiment that we are seeing now dissipate rapidly. Victor Shum energy When contracts expire there is more uncertainty and volatility associated with oil. For investors speculating, directionally WTI seems to be facing more pressure heading down. Brent will move upwards. Victor Shum company-news I expect that with refinery maintenance peaking (in the U.S., Europe and Asia) in mid-April, that will push oil prices down. Victor Shum company-news
