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The USA and Russian oil market: the impact of oil prices on the recovery of national economies

https://doi.org/10.37493/2307-907X.2022.3.12

Abstract

The study is devoted to the analysis of the US and Russian oil markets, as well as the study of the impact of the cost of oil on the international market on the process of recovery of national economies. The article examines the reaction of the subjects of the world economy to the level of oil quotations that have developed on the international oil market against the background of increasing demand for energy resources. The leaders of oil production have been identified, Russia’s place in the world oil production volume has been established. The state of the US national oil reserves and the impact of high commodity prices on the US economy are analyzed, the threat of stagflation is highlighted. The Russian oil market, oil exports abroad, as well as the consequences of the high cost of oil for the Russian economy are studied.

About the Authors

Yu. A. Konopleva
NCFU
Russian Federation

Yulia Konopleva, Candidate of Economic Sciences, Associate Professor

Stavropol



O. N. Pakova
NCFU
Russian Federation

Olga Pakova, Candidate of Economic Sciences, Associate Professor

Stavropol



N. K. Godlevsky
NCFU
Russian Federation

Nikolai Godlevsky, student

Stavropol



References

1. Oficial`nyj sajt «British Petroleum». – URL: https://www.bp.com/ (data obrashheniya 14.12.2021).

2. Delovoj portal «RBK». – URL: https://www.rbc.ru/business/12/04/2020/5e9357129a79473d1267e1d6 (data obrashheniya 15.12.2021).

3. Informacionno-analiticheskij portal «Fox Business». – URL: https://www.foxbusiness.com/economy/soaring-energy-prices-raise-concerns-about-us-inflation-economy (data obrashheniya 15.12.2022).

4. Oficial`nyj sajt Mezhdunarodnogo energeticheskogo agentstva SShA (IEA). – URL: https://www.iea.org/fuels-and-technologies/oil (data obrashheniya 16.12.2021).

5. Finansovyj informacionno-analiticheskij portal «BKS Ekspress». – URL: https://bcs-express.ru/kotirovki-i-grafiki/brent (data obrashheniya 12.01.2022).

6. Mezhdunarodnaya informacionnaya gruppa «Interfaks». URL: https://www.interfax.ru/business/809802 (data obrashheniya 15.12.2021).

7. Oficial`nyj sajt Bloomberg. – URL: https://www.bloomberg.com/news/articles/2021-11-24/opec-panel-forecasts-spr-may-massively-swell-oil-surplus (data obrashheniya 17.12.2021).

8. Oficial`nyj sajt Ministerstva energetiki SShA (EIA) – URL: https://www.eia.gov/petroleum/weekly/archive/2022/220112/includes/analysis_print.php (data obrashheniya 13.01.2022).

9. Delovoj zhurnal Neftegaz.RU. – URL: https://neftegaz.ru/news/dobycha/713249-dobycha-nefti-v-rossii-v-noyabre-2021-g-vyrosla-na-8-6-dobycha-uglya-tozhe-uvelichilas/ (data obrashheniya 18.12.2022).

10. Pakova, O. N. Osobennosti i problem realizacii «Industrii 4.0» v sovremennom bankovskom sektore (Features and problems of the implementation of «Industry 4.0» in the modern banking sector) / O. N. Pakova, YU. A. Konopleva, A. I. Deduk // Vestnik Severo-Kavkazskogo federal’nogo universiteta. – 2021. – № 2 (83). – S. 98–106.


Review

For citations:


Konopleva Yu.A., Pakova O.N., Godlevsky N.K. The USA and Russian oil market: the impact of oil prices on the recovery of national economies. Newsletter of North-Caucasus Federal University. 2022;(3):94-100. (In Russ.) https://doi.org/10.37493/2307-907X.2022.3.12

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ISSN 2307-907X (Print)