The Analysis of Natural Gas and Crude Oil Market from the Global and EU Perspective

Saleh Obadi and Korček Matej ()
Additional contact information
Korček Matej: Institute of Economic Research, Slovak Academy Sciences, Šancova 56, 811 05 Bratislava

Studia Commercialia Bratislavensia, 2012, vol. 5, issue 18, 282-296

Abstract: This paper deals with the development of the crude oil and natural gas market in the world and especially in the EU. The analysis of the mentioned energy commodities are based on time serious statistical data and legislative documents and treaties adjusting the energy market. In this paper we analyze how the natural gas and crude oil as the two energy sources that are on the one hand most important in the energy mix and on the other hand least available within the very territory of EU itself therefore meaning the largest threat to the energy security of EU countries. We focus on analyzing of development of the worlds crude oil and natural gas development as the economic environment developed during last 20 year. Then we characterize what has EU done as the reaction on this development and finally we analyze the impact on EU in terms of supply and demand for natural gas and crude oil in first decade of 21st century. We found that, in 2009, the 66 % of EU natural gas imports were from four countries (Russia, Algeria, Norway and Nigeria) and the EU crude oil imports reached about 87 %.

Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/v10151-012-0004-9 (text/html)

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:vrs:stcomb:v:5:y:2012:i:18:p:282-296:n:1

DOI: 10.2478/v10151-012-0004-9

Access Statistics for this article

Studia Commercialia Bratislavensia is currently edited by Viera Kubičková

More articles in Studia Commercialia Bratislavensia from Sciendo
Bibliographic data for series maintained by Peter Golla ().