The oil market : recent developments and outlook

Artículo de revista

Detalles Bibliográficos
Autor: Santabárbara, Daniel
Tipo de recurso: artículo
Fecha de publicación:2017
País:España
Institución:Banco de España
Repositorio:Repositorio Institucional del Banco de España
OAI Identifier:oai:repositorio.bde.es:123456789/8902
Acceso en línea:https://repositorio.bde.es/handle/123456789/8902
Access Level:acceso abierto
Palabra clave:Coyuntura económica
Economía internacional
Comercio internacional
Energía y política energética
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spelling The oil market : recent developments and outlookSantabárbara, DanielCoyuntura económicaEconomía internacionalComercio internacionalEnergía y política energéticaArtículo de revistaThe past three years have seen a radical change in the structure of the oil market, as a result of the deep-seated transformation the US oil industry has undergone and of OPEC’s strategic reaction. This has translated into a substantial reduction in the price of oil. Specifically, this article analyses three key factors behind oil market developments in the past two years: the resilience of US shale oil production, the new turn in OPEC’S strategy to cut output and the slowdown in demand. Further, the medium and long-term outlook for this market is discussed, with the conclusion drawn that a marked rise in prices owing to the foreseeable course of supply and demand is not expected. While some fall-off in supply is contemplated owing to the decline in investment, demand, too, will be contained by greater efficiency in the use of oil-derived fuels and social awareness about their negative externalities2017info:eu-repo/semantics/articleapplication/pdfhttps://repositorio.bde.es/handle/123456789/8902reponame:Repositorio Institucional del Banco de Españainstname:Banco de EspañaInglésEconomic Bulletin / Banco de España, 3/2017Versión en español 123456789/8276info:eu-repo/semantics/openAccessoai:repositorio.bde.es:123456789/89022025-07-20T06:38:02Z
dc.title.none.fl_str_mv The oil market : recent developments and outlook
title The oil market : recent developments and outlook
spellingShingle The oil market : recent developments and outlook
Santabárbara, Daniel
Coyuntura económica
Economía internacional
Comercio internacional
Energía y política energética
title_short The oil market : recent developments and outlook
title_full The oil market : recent developments and outlook
title_fullStr The oil market : recent developments and outlook
title_full_unstemmed The oil market : recent developments and outlook
title_sort The oil market : recent developments and outlook
dc.creator.none.fl_str_mv Santabárbara, Daniel
author Santabárbara, Daniel
author_facet Santabárbara, Daniel
author_role author
dc.subject.none.fl_str_mv Coyuntura económica
Economía internacional
Comercio internacional
Energía y política energética
topic Coyuntura económica
Economía internacional
Comercio internacional
Energía y política energética
description Artículo de revista
publishDate 2017
dc.date.none.fl_str_mv 2017
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://repositorio.bde.es/handle/123456789/8902
url https://repositorio.bde.es/handle/123456789/8902
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Economic Bulletin / Banco de España, 3/2017
Versión en español 123456789/8276
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositorio Institucional del Banco de España
instname:Banco de España
instname_str Banco de España
reponame_str Repositorio Institucional del Banco de España
collection Repositorio Institucional del Banco de España
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,647109

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