Modern world energy market

Aleksandr Sergeevich Ivanov and Igor’ Evgen’evich Matveev
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Aleksandr Sergeevich Ivanov: Russian Market Research Institute (VNIKI), Moscow, Russia
Igor’ Evgen’evich Matveev: Russian Market Research Institute (VNIKI), Moscow, Russia

Russian Foreign Economic Journal, 2019, issue 3, 87-100

Abstract: The article reviews the world energy market, successfully balanced by the leading oil exporters (OPEC+) by limiting oil production, encouraging price rise over 60% during the last two years - despite US intensive political pressure and speeding up shale oil and gas extraction, thus relieving its import dependency from 32 to 14%. Besides, Us energy exports have been boosted regardless of world exporters’ activities to arrange the market. The world markets of oil, gas, coal, nuclear energy, hydroelectricity and renewable energy are considered in the article. Chinese advances in the sphere of energy are noted as well as their positive influence on the world market. An exclusive comparative tables of world balance sheets for basic energy sources 2007-2017 are presented, and allowing to assess the dynamics of energy balances of countries - the largest net importers and net exporters, determining the course of development of the world energy economy.

Keywords: Oil; gas; coal; renewable resources; energy policy and balances; price policy; net-exports; net-imports. (search for similar items in EconPapers)
Date: 2019
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