In 2012 and the 1st quarter of 2013, the situation on the global oil market was characterized by prevalence of high global prices on oil. In March, the deal on purchasing of TNK-BP Company by Rosneft, a state-owned oil company was completed. As a result, Rosneft has become one of the largest oil...

The oil and gas sector is among principal sectors of the Russian economy and is the driving force in shaping the state budget revenues and the trade balance. In 2016, Russia's crude oil production hit an all-time peak since 1990, and crude oil exports were close to an all-time high. Under the...

In 2014, Russia's crude oil output hit its record high since 1990. At the same time, the growth rates of oil production and oil exports are displaying an obvious slowdown. Besides, some additional negative factors have emerged that impose still more constraints of the oil sector's further...

Oil and gas production remain the core sector of Russia economy, which has a leading role in generating federal budget revenue and this country's balance of trade. The factors that exerted the most significant influence on the development of the oil and gas sector of the Russian economy in 2012...

Oil and gas production remain the core sector of Russia economy, which has a leading role in generating federal budget revenue and this country's balance of trade. The factors that exerted the most significant influence on the development of the oil and gas sector of the Russian economy in 2011...

The oil and gas sector is playing an important role in the income generation for the state budget and Russia's trade balance. In 2017, the volumes of crude oil production somewhat fell owing to Russia's commitments to curb production as a result of the oil output cut agreement between some OPEC...

Oil and gas sector remains the backbone of the Russian economy and produces the lion's share of the state budget revenues and of the trade balance. Acute oil price fluctuations which took place on the free market, reduction in demand for gas, as well as objective fall in the oil and gas...

The world market in 2012 was characterized by the persistence of high global oil and natural gas prices. The average price of Russian Urals crude oil on the European market, according to preliminary estimates, amounted to $ 110.3 per barrel, and that of Russian natural gas – to $ 418,2 per...

Since the beginning of 2012, the situation in the oil and gas sector has been characterized by the persistence of high global oil and natural gas prices. According to preliminary estimates, the average price of Brent crude oil in January‐September 2012 amounted to $ 112.4 per barrel, which...

In January-August 2013, the global oil market was characterized by the persistence of high oil prices. The 2013 annual volume of crude oil production in Russia will exceed 520 million tons, hitting record high since 1990. At the same time, according to statistics, the Russian oil industry is...