Reuters Feb 28 2018: Oil Struggles to Shake off Concern Over Demand After China Data
"This morning, we've had weak Chinese PMI numbers and one can say it's the influence of the Lunar New Year, but holidays are expected and this number is below expectations," Petromatrix strategist Olivier Jakob said. Link to the article:...
Reuters Feb 17, 2018: Oil prices dip before U.S. crude inventory data
“It is likely the monthly data will show U.S. crude oil production in December about 200,000-300,000 bpd above what was estimated in the weekly reports,” Petromatrix analyst Olivier Jakob said in a note. Link to the...
Petromatrix Daily Oil Market Report Feb 9 : The Shale Band, not dead yet
In our note of Friday Feb 9th we review our shale band price theme. For the Petromatrix report of Feb 9th please follow the link: Daily Market Report Feb 09 2018 For the definition of our shale band oil price concept, please refer to the Wikipedia...
DJE Feb 9: Oil prices slide on strong US production
Last year investors where lulled into complacency that "this time it is different" and American producers won't ramp up output, said Olivier Jakob, managing director of Petromatrix. But that narrative proved to be false. "U.S. producers have reacted in style to the...
Reuters Feb 8: Texas flood: U.S. oil exports pour into markets worldwide
"They're taking market share really from OPEC nations,” said Olivier Jakob, managing director of PetroMatrix. link to the story: https://www.reuters.com/article/us-usa-oil-record-flows-analysis/texas-flood-u-s-oil-exports-pour-into-markets-worldwide-idUSKBN1FS0NP...
Petromatrix Daily Oil Market Report of Feb 7th, 2018
Oil prices dropped more than 2$/bbl after the release of the DOE weekly report as it shows an increase of +330 kb/d in crude oil production. Surprised? Not our clients, as in our morning report we warned to expect an increase of +300 kb/d in the DOE weekly supply...