International trade in fuel and energy products: current state and prospects

Aleksandr Sergeevich Ivanov and Igor’ Evgen’evich Matveev
Additional contact information
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, 2018, issue 3, 46-56

Abstract: Russia’s positions in international markets for fuel and energy products have strengthened over the past two years. Given Russia’s initiative and extensive efforts to settle market regulation 12 OPEC members and 11 non-associated exporters reached an agreement to limit oil production by about 1,9% in December 2016. Since the countries concerned have fulfilled their limitations it has been prolonged till the end of 2018. The agreement has not secured a surge in prices, but has granted their consolidation at the (pre-drop) level of 2015 - over $52. The beginning of October 2017 has brought two important events - «The Moscow energy week» and the visit of the King of Saudi Arabia to Moscow. Òhe understanding between two greatest oil producers (26 % of global output) is very valuable. By mid-January 2018 the oil price has come ñlîse to the level of 70 dollars. The article also contains statistics on energy balances in respect of oil, gas, coal, nuclear energy, hydroelectricity, renewable energy and net exports and net imports.

Keywords: Energy balances; oil; gas; coal; nuclear energy; hydroelectricity; renewable energy; price policy; net-export; net-import. (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
http://repec.vavt.ru/RePEc/alq/rufejo/rfej_2018_03_46-56.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2018_03_46-56

Access Statistics for this article

More articles in Russian Foreign Economic Journal from Russian Foreign Trade Academy Ministry of economic development of the Russian Federation Contact information at EDIRC.
Bibliographic data for series maintained by Irina Katolik ().