The economic situation is gloomy and people don't want to consume oil even as the price is getting cheaper 
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BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.
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Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.
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A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.
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BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.
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A Pakistani suspected of taking part in riots is detained by members of Pakistani security forces during a raid in Karachi on Tuesday, Dec. 2, 2008 in Pakistan. Shooting and violence erupted in different parts of Karachi, the largest city and commercial hub of Pakistan, raising the death toll to 32 in three days of violence.
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Opposition supporters hold signs depicting national hero Simon Bolivar as they protest against Venezuelan President Hugo Chavez's proposal of constitutional change in Caracas December 2, 2008. Chavez is gambling his future on a referendum to change the constitution so he can run for re-election, even though he lost a similar vote last year. Chavez's fortunes could also be influenced by falling oil prices, which would deplete the government coffers and could restrict funding for popular programs. The signs read "Respect the will of the people".
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AUCKLAND, NEW ZEALAND - DECEMBER 03: David Beckham of the LA Galaxy (L) meets members of the Te Waihono A Kupe Maori Cultural Group after arriving at the Auckland International Airport on December 3, 2008 in Auckland, New Zealand. The LA Galaxy are playing a one off match against the Oceania All Stars in Auckland on December 06.
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Actor Viggo Mortensen gestures during a news conference to promote his latest film "Alatriste" in Tokyo on December 1, 2008. The film will be on the screens on December 13. Alatriste, played in the film by 47 year old US actor, is a unscrupulous 17th century adventurer in the movie, set in Spain's "golden age" under King Philip IV which coincided with the emergence of artistic giants such as Velasquez and the development of the "New World."
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Chelsea Clinton (L) and former US President Bill Clinton watch as US Democratic presidential candidate Senator Hillary Clinton (D-NY) speaks at the National Building Museum in Washington June 7, 2008. Clinton endorsed presumptive Democratic presidential nominee Senator Barack Obama (D-IL) to be the Democratic U.S. presidential candidate on Saturday and suspended her own White House bid less than a week after the Illinois senator secured enough support to win the nomination. Clinton's endorsement of Obama in a speech at the National Building Museum marked the beginning of efforts to reunite the Democratic Party after a long and divisive campaign battle that ended on Tuesday when Obama won the support of enough delegates to clinch the nomination.
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A tear runs down the face of U.S. Democratic presidential nominee Senator Barack Obama (D-IL) as he speaks about his grandmother who died earlier on Monday, during a campaign rally in Charlotte, North Carolina, November 3, 2008. On the eve of Tuesday's U.S. presidential election, Obama's grandmother Madelyn Dunham died after a battle with cancer.
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U.S. Democratic presidential candidates Senator Barack Obama (D-IL) and Senator Hillary Clinton (D-NY) (R) share a hug at the conclusion of the CNN/Los Angeles Times Democratic presidential debate in Hollywood, California January 31, 2008.
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Topics from articles that mention "Olivier Jakob"
Articles sorted by relevance containing "Olivier Jakob"
...$46.02, its lowest since February 2005. "Today's equity market rebound is preventing oil from going lower," said Olivier Jakob, of consultancy Petromatrix. "The equity market has been a main input for oil," he said. "Because the slowdown in oil demand...
...from King Abdullah of Saudi Arabia, the world's largest oil producer, that he wanted oil prices to rise back to $75 a barrel. Olivier Jakob, of Swiss oil consultancy Petromatrix, said that the king's comments marked a significant departure from the previously...
...a low of $46.02, its lowest since February 2005. "Today's equity market rebound is preventing oil from going lower," said Olivier Jakob, of consultancy Petromatrix. "The equity market has been a main input for oil," he said. "Because the slowdown in oil...
Oil prices on Monday fell below $50 a barrel for only the second time this year after Opec delayed a further production cut until mid-December.
The oil cartel, which controls 40 per cent of the world's production, said demand was weakening fast with
...signal over the weekend that he wanted oil prices to rise back to $75 a barrel from their current of about $50 level. Olivier Jakob, of oil consultancy Petromatrix, said that the fact that Saudi Arabia is back to mention a fair price marks a significant departure...
...by OPEC, but it did not even produce a common statement and provided no clear hint as to the next line of action,” said Olivier Jakob, managing director of Zug, Switzerland-based Petromatrix. “It feels as if Saudi Arabia is almost inviting market participants...
...cut at their December meeting," Kornafel said. "I wouldn't be surprised to see Russia get in with OPEC either." Analyst Olivier Jakob of Petromatrix in Switzerland said he was "neutral" about the possibility of a decision in Cairo to cut output. "OPEC has...
...around done an excellent job of not letting the market price a meeting before its start," Petromatrix Managing Director Olivier Jakob wrote in a research note. "They have downplayed the outcome of the meeting, pushed the cut expectations to December but...
Quotes spotlight for "Olivier Jakob"
The economic situation is gloomy and people don't want to consume oil even as the price is getting cheaper
said Tetsu Emori
in Boston Globe
The OPEC meeting last weekend shows you that there's not a lot the group can do to stop the free-fall in oil prices. On top of that, the latest US manufacturing data is playing into the market psychology
said Phil Flynn
in Irish Times
The major motivation for sellers is the discounting of the OPEC decision ... but motivation is not hard to find (as) the elements propelling prices from 2003 on have largely dissipated
said Mike Fitzpatrick
in Irish Times
If the king wants crude oil to be at $75 a barrel, the words need to be followed by action and this weekend's gathering of Opec ministers did not provide any new signs of that
was said
in Rantburg
