2023-10-22 04:07:02
Aurélien Fleurot / Credit photo : FREDERIC SCHEIBER / HANS LUCAS / HANS LUCAS VIA AFP
modified to
08:31, October 22, 2023
The International Energy Agency is concerned regarding the amount of diesel available in Europe for next winter. The capacities of the new supplier countries – the European Union having imposed an embargo on Russian crude oil – are at the heart of the questions. But the experts want to be reassuring.
Despite the development of electricity, diesel is not dead in France, quite the contrary. According to the Aramisauto/Opinionway barometer, just published, it remains popular with motorists, and particularly low-income households. 30% of them intend to opt for this fuel, with a view to a future purchase. But will we have enough this winter? This question was raised by the International Energy Agency, which is concerned regarding the quantity of diesel available in Europe within a few months.
At the center of the questions: the capacities of the new supplier countries to carry out their mission. As a reminder, the European Union imposed an embargo on Russian crude oil in response to the invasion of Ukraine. But if the supply does indeed turn out to be complex, the specialists want to be reassuring. Starting with Olivier Gantois, president of Ufip Énergies et Mobilités, the French Union of Petroleum Industries.
On the price side, no clearing on the horizon
“The fear of the International Energy Agency is that these alternative suppliers will have difficulty providing the specific quality that Europe demands for its diesel, particularly in winter, because these are cold-resistant qualities. which are a little different. For our part, we have no concerns regarding the capacity that Europe, and in particular France, will have to supply itself with diesel to satisfy its needs”, assures the specialist. No worries, according to him, neither for this winter, nor even for the year 2024.
On the other hand, on the price side, the horizon should not brighten. “The markets remain nervous. At the slightest pretext, prices can rise. It’s been almost a year since they fell below $75 per barrel, which remains a relatively high price,” explains Olivier Gantois. If Hamas’ attack on Israel should not have a direct impact, global demand continues to increase. And the oil exporting countries have once once more agreed to maintain the current level of their production.
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