The intense development and diffusion of digital technologies around the world in recent years has greatly changed the face of key sectors of the economy. More and more companies are looking to digitalize their business processes. This significantly reduces transaction costs and increases the volume of economic activity. Global competition is emerging on the Internet. In these conditions, the ability to process and analyze large amounts of data becomes the main factor of competitive advantage for the company. Thus, business development is determined by the ability to very quickly respond to customer needs and quickly bring new products and services to the market through electronic sales channels.

In the scientific work, a study is carried out of possible scenarios for the development of the Russian oil industry in modern non-stationary economic and political conditions. The hydrocarbon market is undergoing significant changes, largely accompanied by sharp price fluctuations and an excess of supply over demand, so it is important to assess under what conditions the Russian oil industry will be able to maximize its benefits. The aim of the study is to build objective scenarios for the development of the Russian oil industry and its position in the global hydrocarbon market. It also assesses the potential contribution of the Russian Federation to the reduction of oil production in the framework of the renewed OPEC+ transaction involving new oil exporting countries, as well as the combined effect of the agreements affecting oil prices. For making objective forecasts, internal factors are taken into account, among which are: access to hard-to-recover reserves, discovery and development of new deposits, investments in intensification of production, as well as external factors: agreements to reduce production by exporting countries, the impact of the coronavirus pandemic (Covid-19) on the volume of sales of petroleum products, political and other economic conditions that have a direct impact on the global hydrocarbon market. The actual basis of the work is the forecasts of independent experts, analytical agencies, state statistical services, as well as reporting by oil companies in Russia and foreign countries.

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The scientific work studies the influence of the dynamics of prices for hydrocarbons on the possibilities of implementing state projects in the oil industry of Russia. Also, the economic efficiency of oil projects in the Russian Federation is assessed under various cost scenarios, both in the short and long term. The aim of the study, the authors set out to build an objective model for the implementation of Russian state projects in the oil industry, based on 3 scenarios of changes in hydrocarbon prices until 2023 according to: basic, optimistic and pessimistic forecasts. The paper studies the experience of creating large oil projects in modern Russia and in other countries; the authors pay special attention to oil projects during periods of turbulence in oil price quotations, during the economic recessions of 2008, 2014–2016 and 2020. The prospects for the completion of current projects in Russia are also being assessed in the face of oversupply on hydrocarbon markets and turbulent prices for well-known oil brands. The scientific basis of the work is Russian and foreign sources, assessments of experts from the oil and gas complex of Russia and countries-exporters of hydrocarbons, analytics and reports of oil companies, state programs for the development of the oil industry of the Russian Federation and statistical bases of state statistics services. To construct objective development scenarios, forecasts were used from sources such as: the Ministry of Energy of the Russian Federation, the Ministry of Economic Development, the Central Bank, the BP Statistical Database and the World Bank data, forecasts of large oil companies in Russia.

The authors of the work investigate one of the key areas of the Russian economy - the oil industry. It is hydrocarbons that account, on average, up to 40% of the Russian budget revenues. Oil revenues provide macroeconomic stability of the state, employment of the population in the oil and gas sector and related industries, as well as the stability of the ruble currency in the international market and prices for most types of products in the domestic market. The aim of the work is to study the possibilities of improving the current mechanisms for controlling price formation for key brands of hydrocarbons in order to increase the economic and energy security of the Russian Federation. The scientific study also analyzes the impact of the prices for Urals and Brent crude oil on the Russian ruble quotes against the US dollar and other world currencies. The correlation between the increasing of main oil brands value on the hydrocarbon market and strengthening of the Russian currency, as well as the filling the Reserve and other national funds, as one of the factors in the development of the Russian economy, is studied. The scientific basis of the research was Russian and foreign publications, state statistical materials, opinions and assessments of experts in the field, as well as the authors’ own developments. While studying the materials, the authors considered such indicators as: prices for “Brent”and “Urals” oil, their relationship and the reasons for the fall in prices for gasoline and hydrocarbon-derived materials, as well as the impact on the prices of goods in other economic sectors. The paper studies and selects the most effective responses to changes in the market environment in the context of nonstationary fuel prices.