IFP : Innovating for energy

Version française
Research
Quick Links
Accueil
Home > Information/Publications > Panorama technical reports > Panorama 2007 > Oil Supply and Demand

Panorama 2007

Oil Supply and Demand

A new paradigm is gradually developing on the world oil market. Under extreme pressure from growing demand in emerging countries, the supply side is progressively adjusting. As the market stabilizes, prices are seeking their equilibrium. Although the WTI seems to be finding its level at about USD 60 per barrel, it is still too soon to take this price quotation as a reference. Due to the inertia in behaviours, the effects of recent trends are not all visible yet and adjustments are still underway. In this uncertain business environment, key market players have not yet finalized their strategies.


Download

links list

  • Print page