Olivier Jakob from Petromatrix consultancy Browse All Authors Famous Quotes by Olivier Jakob from Petromatrix consultancy The production freeze can therefore be seen as an un-official way for Saudi Arabia to make some room for the restart of the Iranian exports. Olivier Jakob from Petromatrix consultancy business We interpret this as Saudi Arabia selling the idea that oil prices in the short term need to go lower, with a floor set at $60 per barrel, in order to have more stability in years ahead at $80 plus, in other words, it should be in the interest of OPEC to live with lower prices for a little while in order to slow down development projects in the United States. Olivier Jakob from Petromatrix consultancy business
