In 2014, Russia continues to display upward trends in the oil extraction sector and petroleum product exports. In recent months, world prices of oil have been on the decline. Over the period of August–September 2014, the USA, the European Union and some other countries introduced economic...

In 2014, Russia’s crude oil output hit its record high since 1990. At the same time, the growth rates of oil produc- tion and oil exports are displaying an obvious slowdown. Besides, some additional negative factors have emerged that impose still more constraints of the oil sector’s further...

In 2012 and the 1st quarter of 2013, the situation on the global oil market was characterized by prevalence of high global prices on oil. In March, the deal on purchasing of TNK-BP Company by Rosneft, a state-owned oil company was completed. As a result, Rosneft has become one of the largest oil...

Since the beginning of 2012, the situation in the oil and gas sector has been characterized by the persistence of high global oil and natural gas prices. According to preliminary estimates, the average price of Brent crude oil in January-September 2012 amounted to $ 112.4 per barrel, which...

The world market in 2012 was characterized by the persistence of high global oil and natural gas prices. The average price of Russian Urals crude oil on the European market, according to preliminary estimates, amounted to $ 110.3 per barrel, and that of Russian natural gas – to $ 418,2 per...

In 2013, oil production in Russia reached its highest level since 1990 while exports of crude oil and refi ned products reached its highest-ever level in response to high prices of crude oil in global markets. However, a trend towards slower growth rates and worsening of oil and gas production...

This publication is dedicated to the system analysis and determination of factors of the world oil market development, which to a considerable degree determines the state of the Russian economy, the state budget and the country’s balance of payments. The authors analyze factors, which...

This publication is dedicated to the system analysis and determination of factors of the world oil market development, which to a considerable degree determines the state of the Russian economy, the state budget and the country’s balance of payments. The authors analyze factors, which...