Olivier Jakob - Petromatrix

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Last quote by Olivier Jakob

A nine-month extension of the output cuts is already baked into prices. This shows there's not much more OPEC can do.feedback
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May 25 2017 OPEC
Find all of Olivier Jakob’s quotes that have been published in 16 different articles on this page. Olivier Jakob’s quotes are organized by date and topic, making it easy for you to compare, for example, what Olivier Jakob has said both recently, and in the past, on a variety of topics. Some of the topics Olivier Jakob likes to comment on include OPEC and March. Most recently, Olivier Jakob said, “If things stay unchanged, then this week will be worst week for oil prices since the OPEC deal (in November). If a quick rebound cannot be organized by the end of the week, then banks will start to revise lower their oil price forecasts.”.
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Olivier Jakob quotes

There is currently a race to print any freeze headlines but we have not yet seen strong substance behind them.feedback

This week has been pretty much a technical market. I don't think there has been any strong reversal in the fundamentals.feedback

Right now, there is not much to be optimistic about. We have to wait a little bit longer for the rebalancing.feedback

(Saudi oil minister Ali) Al-Naimi will have lost credibility with Russia and will have as well upset other OPEC and Gulf countries.feedback

Considering there is very strong pressure on the equity markets, it shows there is some support coming into oil due to geopolitical issues.feedback

The market in general is trying to assess the risks on Iraq. There was a big market reaction and then the IEA (International Energy Agency) said it did not see a risk to supplies so the volatility is reflecting this.feedback

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