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Jonathan Goldberg Benedicte Gravrand, Opalesque Geneva:

As all eyes are on oil prices following OPEC's decision last week to extend oil production cuts, some see a world of opportunities in the sector.

According to Jonathan Goldberg, founder and chief investment officer of BBL Commodities LP, a hedge fund, this is a great time for relative value oil trading, as the price of oil has undergone some fundamental changes in the last couple of years and it is not over.

As a result of the 2014 dramatic selloff in oil prices, the ongoing increase in US production and OPEC's decision that year not to cut production, the market had been trying to find an equilibrium price in a very volatile way, he explains during an Opalesque TV interview. This was followed by a sharp decline in US crude production and increases in OPEC crude production in 2016. But all that changed in November that year, when OPEC decided to cut production by over a million barrels a day, while US crude production went through a trough and started to increase.

"This is a very good situation for relative value oil traders," he continues, "because it creates a very strong market for areas where OPEC is cutting production, like in Asia and for sour crude markets. At the same time, we expect to se......................

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