The geo-political news from Iran is not as hot anymore.
More Quotes from Victor Shum:
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.Victor Shum
The geopolitical drama over Iran and Nigeria is sending oil prices upwards.
Victor Shum
A lot of uncertainty remains in how the Iranian situation will work itself out. There is some concern in the Asian market on whether Iran is a reliable supplier.
Victor Shum
State-owned enterprises have perhaps more options than international oil companies. Without shareholders, they can go places that might not be politically acceptable.
Victor Shum
Any decisions on sanctions will not be in the near future because two members on the council with veto power, China and Russia, have rather strong economic ties with Iran.
Victor Shum
It's not only the suspension of production that's causing concern, it's the fact that we could see potential damage to the platforms, which would cause longer disruptions to production.
Victor Shum
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