"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...

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...

“We view the Sverdrup project as a milestone in terms of application of new technologies and cost management, OPEC is being challenged in terms of the break-even price of production not just by U.S. shale oil, but also by the North Sea,” said Olivier Jakob, analyst at...

“We are at price levels where we can see an impact on demand and we have the risk of more shale coming” from rival producers in the U.S., said Olivier Jakob, managing director at Petromatrix GmbH in Zug, Switzerland. “That raises the likelihood the cuts would have to...

  “We continue to closely monitor the dollar — the US Treasury secretary has re-introduced the concept of currency wars in the trading psychology,” Olivier Jakob at oil consultancy Petromatrix said. Link to the...

“We are in an environment where Opec producers and Russia have reduced their supplies and stocks have seen drawdowns. At the same time, geopolitical issues are a concern,” said Olivier Jakob, at consultancy Petromatrix. He noted the potential reimposition of sanctions...