Olivier Jakob - Petromatrix


Last quote by Olivier Jakob

You cannot have the same forecast at $60 as you have at $40. You need to address that and the IEA is starting to make that adjustment.feedback
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Nov 14 2017
Find all of Olivier Jakob’s quotes that have been published in 29 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, “On the one hand, it increases the global geopolitical risk level, but it also increases the difficulty of keeping consensus within OPEC.”.
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Olivier Jakob quotes

Jun 23 2017 - Qatar

The demands are so aggressive that it makes it close to impossible to currently see a resolution of that conflict.feedback

Jun 12 2017 - OPEC

When you start to approach $45 a barrel in WTI, you're in an area where you do find some price support and I think there has been some evidence last week of investment flows coming back into crude oil. You have to be careful not to be too optimistic for now. Physical differentials are still under pressure and the time structure is still under pressure in Brent. It's a bit premature to call for much higher oil prices.feedback

Jun 05 2017 - OPEC

I think it's still going to be a bit of a debate on the true impact it can have on the oil market. In terms of oil flows it doesn't change very much but there is a wider geopolitical impact one needs to consider.feedback

May 25 2017 - OPEC

A nine-month extension of the output cuts is already baked into prices. This shows there's not much more OPEC can do.feedback

Mar 09 2017 - OPEC

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.feedback

Dec 16 2016 - Nigeria

Show the need for those cuts - the oil needs to move.feedback

Dec 16 2016 - Nigeria

They're getting some benefit from the higher flat price.feedback

Nov 09 2016 - Iran

President Obama from the start of his election worked towards a detente with Iran and we can't be sure that President Trump will continue in the same direction.feedback

Sep 27 2016 - Algeria

It's all about what's going on in Algiers really ... the prospect or no prospect of a supply deal. There is no new fundamental development that is more important than Algiers.feedback

Sep 20 2016 - Venezuela

(An output freeze) would only secure an even higher push of Saudi crude oil and would be a case where the proposed cure is worse than the disease.feedback

Sep 08 2016 - Algeria

The timeframe to reach any agreement to freeze is not necessarily in September. It will need to include Iran and that will be more likely to be at the end of the first quarter of next year.feedback

Sep 07 2016 - Qatar

The market is reacting to all those headlines but I think if there is a 'Doha Two', it's probably going to be at the end of March or April 2017 and until then, there will continue to be discussions and negotiations, which will make a lot of headlines.feedback

Aug 31 2016 - OPEC

OPEC does not really want to freeze production. But it dreams of freezing prices at current levels.feedback

Aug 31 2016

The market is getting tired of those headlines. Fundamentally, there is not a lot to support oil because the stocks are still at very high levels.feedback

Aug 24 2016

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

Aug 05 2016

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

Jul 26 2016 - British Petroleum

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

Apr 18 2016 - Qatar

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

Jan 04 2016

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

Jun 13 2014

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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