The oil and gas sector is among principal sectors of the Russian economy and is the driving force in shaping the state budget revenues and the trade balance. In 2016, Russia's crude oil production hit an all-time peak since 1990, and crude oil exports were close to an all-time high. Under the...

In 2016, Russia's crude oil production hit an all-time peak since 1990. Under the so-called tax maneuver in force in the oil industry, refining depth went up, production and export of fuel oil moved down and export of crude oil, a highly lucrative source of state budget revenues, increased

Amid raising global oil prices, crude oil production in Russia in 2018 hit an all-time high for the post-Soviet period. Under the first stage of tax maneuver in force in the oil industry, production and export of fuel oil moved down resulting in contraction of oil refining volumes but refining...

The oil and gas sector is among the basic ones of the Russian economy and is playing an important role in the income generation for the state budget and Russia's trade balance. Implementation of the OPE, Russia and a number of other countries agreement on the production cut with a simultaneous...

OPEC+ agreements aimed at cutting oil production have became a significant factor affecting world oil prices. Implementation of these agreements led to the rise of global oil prices to $60-70 per barrel. In early July OPEC+ decided to extend current restrictions on oil production for another...

Russian Abstract: Несмотря на почти двукратное падение цен на нефть, торговое сальдо в I кв. сократилось не так сильно, как это случилось, например, в начале 2009 г. Масштабы...

Global oil marker is characterized by low oil prices resulting from an excessive supply over demand. Under the effect of low prices oil production on cost-intensive oilfields began falling, drastically decreased investments in the development of unconventional petroleum deposits including shale...

Oil and gas industry remains the basic sector of Russian economy playing the key role in shaping revenues of the state budget and the country's trade balance. In 2014 the national crude oil output reached its maximum over the period since 1990. In the second half of the year the sector's...

In 2013, oil production in Russia reached its highest level since 1990 while exports of crude oil and refined 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...

In 2014, Russia's crude oil output hit its record high since 1990. At the same time, the growth rates of oil production 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...