Monitoring of Global and Russian Oil Markets

Eugenia M. Miller – Acting Head of Department for System Analysis of Sectorial Markets of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Repeated and rather frequent changes in the parameters of tax legislation, typical for the oil industry of the Russian Federation, may cause growth in the overall level of oil market uncertainty and a respective decline in the incentives for investment in development and modernization.

Key words: oil, world oil market, Russian oil market, oil production, oil prices, OPEC+, sanctions.

JEL-codes: L71, E3, Q3.