Russia’s integration into the international hydrocarbon markets

L’intégration de la Russie sur les marchés internationaux d’hydrocarbures. Continuités ou ruptures après la guerre en Ukraine

Sylvain Rossiaud () and Catherine Locatelli ()
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Sylvain Rossiaud: GAEL - Laboratoire d'Economie Appliquée de Grenoble - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - UGA - Université Grenoble Alpes - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - UGA - Université Grenoble Alpes
Catherine Locatelli: GAEL - Laboratoire d'Economie Appliquée de Grenoble - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - UGA - Université Grenoble Alpes - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - UGA - Université Grenoble Alpes

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Abstract: Since 1990, Russia has been a major player in the globalisation of the oil and gas markets. As a major exporter, it has gradually reformed its hydrocarbon industries, enabling it both to maintain this position and to define strategies enabling it to influence international prices. However, the war in Ukraine is profoundly changing the way Russia integrates into these international markets. Will this change not only its role, but also the very characteristics of its reform ? We are beginning to see the implications for international markets of the new international energy relationships created by the war in Ukraine. These are already very different for oil and gas.

Keywords: International hydrocarbon markets; Russia; International prices (oil and natural gas); Marchés internationaux d’hydrocarbures; Russie; Prix du pétrole et du gaz (search for similar items in EconPapers)
Date: 2025
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Published in Études internationales, 2025, 55 (3), pp.525-547. ⟨10.7202/1120077ar⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05293609

DOI: 10.7202/1120077ar

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