2021
DOI: 10.1051/e3sconf/202125806064
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Transformation of the global oil pricing structure in the conditions of increasing competition of leading players in the oil market

Abstract: The article proposed by the authors examines the competition between the world's leading producer countries in the context of changing the structure of global oil pricing. The global benchmarks for WTI, Brent and Dubai are the price benchmarks for all oil producing countries in the world, and all changes related to quality, production volumes and supply geography cause structural and institutional changes in the oil market. Crude oil plays an important role in the global economy not only as a commodity, but al… Show more

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Cited by 9 publications
(2 citation statements)
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“…According to the results of the audit by the Accounts Chamber of the Russian Federation of the use of budget funds for the maintenance of federal highways, 128.3 billion rubles was allocated in 2019, and for the maintenance of the regional road network, which is ten times larger, 146.4 billion rubles. In general, in 2019, an average of 29.6% of funds from the normative need were allocated for the maintenance of regional and intermunicipal roads [14].…”
Section: Discussionmentioning
confidence: 99%
“…According to the results of the audit by the Accounts Chamber of the Russian Federation of the use of budget funds for the maintenance of federal highways, 128.3 billion rubles was allocated in 2019, and for the maintenance of the regional road network, which is ten times larger, 146.4 billion rubles. In general, in 2019, an average of 29.6% of funds from the normative need were allocated for the maintenance of regional and intermunicipal roads [14].…”
Section: Discussionmentioning
confidence: 99%
“…Due to the expected development in the supposed regularity of the formation of the petrochemical cluster, the development of resource-and energy-saving technologies, the development of products with high added value; due to and concomitant production in the oil and gas phenomenon, a decrease in the energy intensity of domestic derivatives [8][9][10]. The implementation of these directions can save the country's economy from dependence on raw materials and give a strong multiplier effect within the country.…”
Section: Introductionmentioning
confidence: 99%