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The rebound in oil prices: OPEC “fine tuning” in question

In late September 2016, the Organization of Petroleum Exporting Countries’ (OPEC) agreement to reduce crude supply was particularly telling. Combined with the improvement of some fundamentals, the agreement in principle created the conditions for a rebound in oil prices. Speculative dynamics to benefit from this upturn are however at work in a market context where production overcapacity remains present. The price recovery remains fragile and a paradigm shift will occur only if OPEC manages to give the agreement an operational scope in the medium term. In addition to (geo)constraints and the strong policies that it implies, it is clear that the task will be a challenge. OPEC should indeed deal with the reality of global supply and engage in a policy of "fine tuning" to keep prices within a fluctuation band for improving the financial situation of its members, without however boosting the production (too much) of other producing countries...

Interview

Nathan Hultman -  Director of the Center for Global Sustainability at the University of Maryland (and former advisor on environment of Barak Obama) , Simone Tagliapietra - Research Fellow at Bruegel, Anil Razdan - Former Secreteray of Power of the Government of india, Simon Bennett - analyst in the Economics and Investment Ofiice of the International Energy Agency, and Pascal Charriau - President and CEO of Enerdata have been interviewed to give you an overview of the side-events' debates and what could be expected from the COP22.

Our side-events adressed three climate change and energy transition's thematics: 1/ Low Carbon Renewable Energy: Lessons from MENA and Latin America; 2/ Decarbonizing Electricity Systems: Progess Made and Challenges Ahead; and 3/ How can Sustainable Energy drive Prosperity?
Pictures from the side-events are avaiable in our flikr account.

Blog

Sans surprise, le West Texas Intermediate et le Brent, les deux grandes références de prix du brut, ont entamé depuis fin septembre une valse dont les mondes économiques et politiques observent avec attention les différents mouvements. Leurs prix ont bondi d’environ 15% entre le 27 septembre et le 10 octobre, atteignant alors plus de 50 USD/bbl, avant de replonger ensuite sur le mois suivant pour toucher leur plus bas niveau depuis deux mois...

Upcoming Events

Events

20-22 November - World Policy Conference, Doha
5-6 December - Strategy Group- How are information technologies and policies re-shaping a strategic region?, Turin
14-16 December - The Atlantic dialogues Conference, Marrakech


Trainings
28 November - 2 December - Advanced Training in Economic Analysis and Management - The Economic of Natural Resources, Rabat

 

7-10 December -  Advanced Training in Agricultural Economics & Environment - Water-Energy-Food Nexus, Rabat 
19-23 December - Advanced Training in Commodity Economics & Finance - Pricing Commodity Derivatives, Rabat
26-30 December - Advanced Training in Commodity Economics & Finance - Shifting Energy Dynamics and Geopolitical Implications, Rabat
2-6 January -  Advanced Training in Economic Analysis and Management - Understanding Labor Market, Rabat

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