IDEAS home Printed from https://ideas.repec.org/a/alq/rufejo/rfej_2018_03_46-56.html
   My bibliography  Save this article

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

Author

Listed:
  • Aleksandr Sergeevich Ivanov

    (Russian Market Research Institute (VNIKI), Moscow, Russia)

  • Igor’ Evgen’evich Matveev

    (Russian Market Research Institute (VNIKI), Moscow, Russia)

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.

Suggested Citation

  • Aleksandr Sergeevich Ivanov & Igor’ Evgen’evich Matveev, 2018. "International trade in fuel and energy products: current state and prospects," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 3, pages 46-56, March.
    • Handle: RePEc:alq:rufejo:rfej_2018_03_46-56
    as

    Download full text from publisher

    File URL: http://repec.vavt.ru/RePEc/alq/rufejo/rfej_2018_03_46-56.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:alq:rufejo:rfej_2018_03_46-56. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna Chernyavskaya (email available below). General contact details of provider: https://edirc.repec.org/data/vavtmru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.