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The pricing system on the world oil market, which has long taken its main cue from the price benchmark based on the North Sea BFOE, is currently facing a slew of problems
An increasing number of researchers have submitted papers in which they write that cumulative oil production exceeds the amount of recoverable reserves at old oilfields. New contradictions arise when attempts are made
Traditionally, for many years now, planning has played an important role in the development of various economic sectors. Planning is broadly understood to mean the process of analyzing, setting goals and determining
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
The 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
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.
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
Uncertainty is the key word characterizing the behavior of the world oil markets over the past several years. This uncertainty is associated with various factors: the probable recession of the global economy,
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The article describes the characteristics of power supply systems in
At the present time of development of the world economy,
The abundant resources of natural gas, including its unconventional resources
For the purpose of rational use of gas by consumers