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Oil, a Key Economic Variable That Remains Difficult to Forecast

Rédigé par : Lina Bourassi, Eléa Giraud, Paul Mainguet*

Oil is an essential resource for the global economy, especially for transportation and industry. Oil prices are driven by the balance between global supply and demand, as well as by market expectations. The 2026 conflict in the Middle East illustrates the influence of geopolitical tensions on oil prices, which affect the global economy primarily through the inflation channel.... Lire la suite

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Minerals in the Energy Transition

Rédigé par : Alban Aubert, Sary Zoghely, Xavier Le Guennec

The energy transition is expected to involve use of mineral-intensive technologies, with high demand for certain so-called “critical” or “strategic” minerals such as lithium, copper and rare-earth elements. In the short term, the global supply of these minerals should be sufficient to meet shifts in demand, even though the value chain is heavily concentrated, particularly in China. The possibility... Lire la suite