Even if there's available crude for release, if there's no refining capacity that they can use, what good is that
More Quotes from Victor Shum:
It's a lingering fear in Nigeria, so even though it is sort of old news, the market is concerned about it.Victor Shum
They must have worked out some agreement between them to resolve the pricing dispute.
Victor Shum
What's driving the market right now is geo-political concerns. One concern is the situation in Nigeria.
Victor Shum
Perhaps one could surmise that they wanted the listed company to be more independent and decide what to buy on their own rather than becoming an arm of a state-owned company.
Victor Shum
The downward close on Thursday was due to the warmer weather forecast ... and today the market is correcting (that) so it's gone back up a little.
Victor Shum
The geo-political news from Iran is not as hot anymore.
Victor Shum
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