Actualités récentes

06-04-2023
CEEM PH.D. CONFERENCE - Toward a new electricity
market model?
Registration

23-03-2023
NEXT CONFERENCE : TOWARD A NEW MARKET DESIGN WITH LONG TERM ARRANGEMENTS: RECONCILING THE SUPPLY SIDE AND DEMAND SIDE WITH SMART TARIFFS
Registration here

13-02-2023
NEXT CONFERENCE :TOWARD A NEW ELECTRICITY MARKET MODEL? CAN PPAs AND CfDs CO-EXIST, AND WHAT ARE BEST PRACTICES FOR THEIR DESIGN?
Registration here

05-12-2022
NEXT CONFERENCE : TOWARD A NEW ELECTRICITY MARKET MODEL: IS DECOUPLING THE RIGHT APPROACH?
Registration here

31-05-2021
Extension of the call for paper on "FINANCING LONG-TERM INVESTMENT IN HYBRID ELECTRICITY MARKETS" to 31 May 2021 > more details here

16-02-2021
Publication in Energy Economics : SYSTEM CONTRIBUTIONS OF RESIDENTIAL BATTERY SYSTEMS: NEW PERSPECTIVES ON PV SELF-CONSUMPTION, by Hyun Jin Julie Yu > Read the article

26-01-2021
Energy Economics Publication: SYSTEM CONTRIBUTIONS OF RESIDENTIAL BATTERY SYSTEMS: NEW PERSPECTIVES ON PV SELF-CONSUMPTION Hyun Jin Julie YU

17-12-2020
WORKING PAPER 47: LOCAL FLEXIBILITY MARKETS FOR DISTRIBUTION NETWORK CONGESTION-MANAGEMENT: WHICH DESIGN FOR WHICH NEEDS?
Click here

17-12-2020
Revue Économie industrielle Publication: LES EFFACEMENTS DE CONSOMMATION ÉLECTRIQUE ET LE SURPLUS DES ACTEURS ÉNERGÉTIQUES Cédric CLASTRES et Patrice GEOFFRON

17-12-2020
Energy Journal Publication: AN EMPIRICAL ANALYSIS OF THE BID-ASK SPREAD IN THE CONTINUOUS INTRADAY TRADING OF THE GERMAN POWER MARKET Clara BALARDY

23-07-2020
COMMUNIQUÉ: A NEW INITIATIVE TO ADAPT TO THE CHALLENGES OF THE ENERGY TRANSITION
Click here

22-04-2020
RAPPORT D’ACTIVITÉS 2019 DE LA CEEM
Cliquez ici

22-04-2020
CEEM ACTIVITY REPORT 2019
Click here

20-04-2020
WORKING PAPER 46 - RETAILERS’STRATEGIES FACING DEMAND RESPONSE AND MARKETS INTERACTIONS
Click Here

+ Plus de news

>> Toutes les actualités

2EME SEANCE DU SEMINAIRE DE RECHERCHES EN ÉCONOMIE DE L’ÉNERGIE DE PARIS-SCIENCES-LETTRES

ANALYSE DES DÉTERMINANTS DES FLUCTUATIONS DES PRIX DU PÉTROLE

Mercredi 13 février 2013, 16h30 - 18h30
Université Paris-Dauphine, Place du Maréchal de Lattre de Tassigny,
Salle A 709, 7ème étage, Nouvelle Aile

PROGRAMME ET PRÉSENTATIONS

Le Séminaire de Recherches en Économie de l’Énergie de Paris-Sciences-Lettres est conjointement organisé par le CERNA, LE CGEMP, la Chaire European Electricity Markets, Mines ParisTech et l'Université Paris-Dauphine. Il est animé par François LEVEQUE (CERNA et MINES PARIS TECH) et Dominique FINON (Chaire European Electricity Markets, CNRS-CIRED).

Yannick LE PEN (LEDA-CGEMP, Paris-Dauphine) : Macro Factors in Oil Future Returns
Présentation

Bassam FATTOUH, (Director, Oxford Institute of Economic Studies): The Role of Speculation in Oil Markets: What Have We Learned So Far?
Présentation

La discussion des présentations sera introduite par Denis BABUSIAUX, ancien directeur du Centre d’Economie-Gestion de l’Ecole nationale supérieure du pétrole (IFP) , président de la Section économie de l’AFTP (Association française des Techniciens du pétrole) et membre de l' Académie des Technologies
Présentation

Le séminaire a eu lieu en Anglais.

Summary of the presentations

Yannick LE PEN and Benoît SEVI
We investigate the macro factors that can explain the monthly oil futures return for the NYMEX WTI futures contract on the period 1993-2011. From a new data base of 187 real and nominal macroeconomic variables from developed and emerging countries, we then regress crude oil return on several combinations of the 9 most relevant factors. Our best model explains around 38% of the variability of oil futures return. More interestingly, the factor with the largest influence on crude oil price is related to variables from emerging countries.

Bassam FATTOUH
A popular view is that the surge in the real price of oil during 2003-08 cannot be explained by economic fundamentals, but was caused by the increased financialization of oil futures markets, which in turn allowed speculation to become a major determinant of the spot price of oil. The presentation will review the evidence supporting this view. We identify six strands in the literature and discuss to what extent each sheds light on the role of speculation. We find that the existing evidence is not supportive of an important role of speculation in driving the spot price of oil after 2003, but reflects common economic fundamentals rather than the financialization of oil futures markets.

Pour toute information complémentaire, veuillez prendre contact avec les organisateurs: Monsieur Dominique Finon: finon@centre-cired.fr

et Monsieur François Lévêque: francois.leveque@ensmp.fr

Actualités récentes

2EME SEANCE DU SEMINAIRE DE RECHERCHES EN ÉCONOMIE DE L’ÉNERGIE DE PARIS-SCIENCES-LETTRES

Évènements passés

Membres

Partenaires

Contact

Réseaux sociaux