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Reuters Oct 20: Oil prices set for weekly loss on profit-taking

by webmaster@petromatrix.com | Oct 20, 2017 | News

“There’s a little bit of profit-taking,” said Olivier Jakob, chief strategist at consultancy Petromatrix. “The market has really been treading a small range all of this week without any true momentum.” …Jakob said the deal with Rosneft “makes it a bit harder for...

Bloomberg Oct 18: Iraq’s Pipeline Exports Slump After Clash With Kurds at Kirkuk

by webmaster@petromatrix.com | Oct 18, 2017 | News

“It looks like these will be temporary disruptions,” said Olivier Jakob, managing director of consultants Petromatrix GmbH in Zug, Switzerland. “It’s in no one’s interest to shut off the pipeline. The Kurds need the money, while the Iraqis had international support...

Financial Times, Oct 17 2017: Shale band explains oil price struggle to top $60 a barrel

by webmaster@petromatrix.com | Oct 17, 2017 | News

“The market is frightened by the shale oil band,” says Olivier Jakob at PetroMatrix, one of the first analysts to popularise the concept in the industry.“But it’s not just traders — we’ve seen indications from Opec and Russian oil companies that even they think going...

Bloomberg Oct 12: Oil Slides Before U.S. Data as IEA Warns of Ceiling for Prices

by webmaster@petromatrix.com | Oct 12, 2017 | News

“According to the IEA’s calculation, at the current level of OPEC production there will be no global stock draws next year,” said Olivier Jakob, managing director of consultants Petromatrix GmbH in Zug, Switzerland. “If the IEA is right, then markets will continue to...

Bloomberg Oct 10: North Sea Oil Sandwiched as U.S. Ships Crude Like Never Before

by webmaster@petromatrix.com | Oct 10, 2017 | News

quote: “It’s direct competition to North Sea production on many different fronts,” said Olivier Jakob, managing director at Petromatrix GmbH in Zug, Switzerland. Where U.S. exports go to Asia, “it will be more difficult for the North Sea to push some of its barrels...
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Recent Posts

  • Platts March 23 2018: Crude ticks higher on OPEC cut extension talk; ICE Brent hits $70/b overnight,
  • Financial Times, March 23 2018: Oil hits $70 a barrel as risk to Iran nuclear deal mounts
  • Reuters Feb 28 2018: Oil Struggles to Shake off Concern Over Demand After China Data
  • Reuters Feb 17, 2018: Oil prices dip before U.S. crude inventory data
  • Petromatrix Daily Oil Market Report Feb 9 : The Shale Band, not dead yet

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