The Energy Ministry’s efforts to promote the fuel and energy complex and the sectors within it invariably focus on a number of priority areas as designated by the President and the Government. They primarily include building up the hydrocarbon resource base, implementing infrastructure projects, diversifying export potential, lifting administrative barriers, improving the legal framework, increasing the availability of energy sources, the domestic development of technologies, including digital technology, and promoting international cooperation.
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Over the past fifteen years, Transneft has implemented a lot of major and strategic important investment projects, such as construction of the Eastern Siberia – Pacific Ocean or BPS‑2 oil-trunk pipelines. This has made it possible to create the conditions for growth in Russia’s crude-oil production from 320 mln tons in 2000 to 556 mln tons in 2018, and led
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The North American energy industry is usually associated in Russia with the United States oil-and-gas market and their «shale revolution» which, on the one hand, allowed the USA to take first place in oil production in 2018, and on the other, brought serious risks of a disruption in the global energy balance. Meanwhile, such major oil-producing countries as Canada and Mexico, which are undeservedly paid much less attention, are firmly involved in the continent’s energy system. Canada occupies an honorable fourth place in the global ranking of oil production and exports. Mexico’s energy industry is currently experiencing a difficult time: the country, which ranked sixth in terms of oil production in 2004, dropped to twelfth last year. However, despite such a catastrophic fall, Mexico continues to have a serious influence on the global oil market.
MoreThe pricing system on the world oil market, which has long taken its main cue from the price benchmark based on the
MoreAn increasing number of researchers have submitted papers in which they write that cumulative oil production exceeds the amount of recoverable reserves
MoreTraditionally, for many years now, planning has played an important role in the development of various economic sectors. Planning is broadly understood
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This past October, Russian Railways OJSC (RZD) provided Russian coal miners with a discount in Q4 2019 on export-coal transportation with transshipment in Russia’s northwestern ports in order to maintain transportation volumes. With this discount, Russian Railways seeks to support
MoreThe global oil market environment is an important factor for macroeconomic, investment and geopolitical decisions. There is a widespread belief that oil prices are almost impossible to be predicted, as they depend on the uncertainty of current and future supply and demand indicators and on a variety of other random factors. The article attempts to show that although the market is difficult to predict, it is quite logical. The Institute of Energy Strategy is successfully working on forecasting oil prices based on the harmonic analysis of price dynamics, its structural representation in the form of Elliott waves and neural modeling. The peaks and troughs of 2008, the price spikes of 2014, the downward trend of 2018-19 were predicted in a timely manner as well as the new oil boom of 2021-22 was forecasted on the basis of the results obtained.
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The Energy Ministry’s efforts to promote the fuel and energy complex and the sectors within it invariably focus on a number of priority areas as designated by the President and the Government. They primarily include building up the hydrocarbon resource
More
The North American energy industry is usually associated in Russia with the United States oil-and-gas market and their «shale revolution» which, on the one hand, allowed the USA to take first place in oil production in 2018, and on the
More
Over the past fifteen years, Transneft has implemented a lot of major and strategic important investment projects, such as construction of the Eastern Siberia – Pacific Ocean or BPS‑2 oil-trunk pipelines. This has made it possible to create the conditions
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The North American energy industry is usually associated in Russia with the United States oil-and-gas market and their «shale revolution» which, on
Uncertainty is the key word characterizing the behavior of the world oil markets over the past several years. This uncertainty is associated
Over the past fifteen years, Transneft has implemented a lot of major and strategic important investment projects, such as construction of the
The Energy Ministry’s efforts to promote the fuel and energy complex and the sectors within it invariably focus on a number of
The global oil market environment is an important factor for macroeconomic, investment and geopolitical decisions. There is a widespread belief that oil