Risk Hedging Tools: Efficiency and Significance of their Use in the Processes of Forming Development Strategies of Russian Oil and Gas Companies

Shupletsov, Aleksandr; Perelygin, Andrey

doi:10.17150/2500-2759.2020.30(2).318-325

Cited by 2 publications

(1 citation statement)

References 13 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In terms of the optimization path of the oil import market. Shupletsov and Perelygin [18] proposed that with the sustainable development of China's economy, its energy dependence has gradually increased. Russia is rich in oil resources and is one of the world's major oil exporters.…”

Section: Current Situation Of China's Petroleum Import Market and Its...mentioning

confidence: 99%

The macroeconomic impact of oil price volatility and import volumes

Yao,

Shang,

Shang

2023

TSE

View full text Add to dashboard Cite

Nowadays, oil is not only a necessary energy for industrial development but also an important strategic resource for the international economy. Previously, many factors led to a sharp rise in international crude oil prices. Therefore, it is of great significance to explore the influence mechanism between oil price fluctuation and the macroeconomy. In this paper, the VAR model is used to quantitatively analyze the dynamic relationship between oil price, China’s GDP, China’s CPI and oil import volume, and the orthogonal impulse response analysis and Granger causality test are carried out.The results show that China’s crude oil import volume is the granger factor of GDP, that is, the early changes in China’s crude oil import can effectively explain the changes in China’s GDP. China’s CPI and GDP show a short-term inverse response, and the change in the data is more dependent on the data of the previous quarter. Given the above problems, this paper proposes that China should attach importance to the long-term stability of oil exploitation, reserves, and oil market, and maintain the stability of the oil trade market by adjusting macroeconomic and gasoline prices when necessary.

show abstract

Section: Current Situation Of China's Petroleum Import Market and Its...mentioning

confidence: 99%

The macroeconomic impact of oil price volatility and import volumes

Yao,

Shang,

Shang

2023

TSE

View full text Add to dashboard Cite

show abstract

Mineral extraction tax: place and role in the Tax System of the Russian Federation

Izmailova¹

2022

Налоги И Налогообложение

View full text Add to dashboard Cite

Currently, the problems of taxation of mineral extraction in the Russian Federation are very relevant, which is due not only to the formation of the monetary fund of the state, designed to finance the solution of various national tasks, but also to the rational use of natural resources. The mineral extraction tax (MET) is systemically important from the standpoint of the formation of tax revenues of the budget system of the Russian Federation. The industry specifics of the Russian economy, the predominance of extractive industries in GDP, and ensuring the profitability of the activities of extractive companies determine the significant attention of the state, business, and science to the issues of collection, administration, distribution, and reform of the mineral extraction tax. The subject of the study is the MET in the tax system of the Russian Federation. The methodological basis of the research consists of analysis, synthesis, ascent from the abstract to the particular, logical and historical methods, as well as other general scientific methods. The place and role of the MET in the tax system of the Russian Federation are considered, the place of this tax in the system of payments for the use of natural resources levied on the territory of our country is determined. Based on the statistical reports of the Federal Tax Service of the Russian Federation, it has been established that the receipts of mineral extraction tax are steadily increasing from year to year. This trend is due to an increase in the production of such types of hydrocarbon raw materials as oil, natural gas and gas condensate. It is determined that the contribution of the subjects of the Russian Federation to the formation of the monetary fund of the country is unequal, due to the difference in the mineral resource base in the regions. It is shown that in the coming decades Russia has a powerful potential to increase the tax revenues of the budget system through taxation of hydrocarbon production. The problems of taxation of mineral extraction in Russia are highlighted. The author comes to the conclusion that the budget system of the Russian Federation has a significant tax potential in the field of taxation of natural resources extraction, provided that favorable conditions for doing business are created.

show abstract

Risk Hedging Tools: Efficiency and Significance of their Use in the Processes of Forming Development Strategies of Russian Oil and Gas Companies

Cited by 2 publications

References 13 publications

The macroeconomic impact of oil price volatility and import volumes

The macroeconomic impact of oil price volatility and import volumes

Mineral extraction tax: place and role in the Tax System of the Russian Federation

Contact Info

Product

Resources

About