Volume 13, Number 2-3, Mars-Juin 2006
|Page(s)||112 - 116|
|Section||Biocarburant et biodiesel|
|Published online||15 March 2006|
Contexte actuel et perspectives du secteur pétrolier
IFP Direction des études économiques, 1&4 avenue de Bois-Préau, 92852 Rueil-Malmaison Cedex
01 47 52 70 82
The tripling of oil prices during the last four years is the consequence of a lost of flexibility all along the oil supply chain. The surplus capacities of production as well as refining created by the previous oil shocks have disappeared. The fundamentals of oil market show that, unless a sharp slowdown of world oil demand, the present lack of flexibility will continue in the short to medium term. The price of the barrel of oil should remain at a high level in the coming years, furthering the development of alternative solutions to oil products as for example biofuels in transportation sector.
Key words: biofuels / oil market evolution / transportation sector
© John Libbey Eurotext 2006
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