Analyzing the development factors of the global energy market

The modern world economy, operating in the global energy crisis, is largely developing under the influence of the world energy prices. The paper researches current pricing policy in the energy market. The main development trends of the world oil market are identified and substantiated based on data...

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Bibliographic Details
Published in:E3S web of conferences 2024, Vol.549, p.5016
Main Authors: Grigoreva, Ekaterina, Gubaidullina, Tatiana, Polovkina, Elvira, Shafigullina, Galiya
Format: Article
Language:English
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Summary:The modern world economy, operating in the global energy crisis, is largely developing under the influence of the world energy prices. The paper researches current pricing policy in the energy market. The main development trends of the world oil market are identified and substantiated based on data from international reviews of the OPEC and OPEC+ agreements. The factors affecting the current price dynamics and production volumes of energy resources are considered. The paper determines quota dynamics for oil production by countries, and analyzes trends in pricing of the OPEC and OPEC+ agreements, the impact of the modern corona crisis on demand for energy resources. It makes conclusions regarding further development prospects of the world energy market, as well as price dynamics for the near future.
ISSN:2267-1242
2267-1242
DOI:10.1051/e3sconf/202454905016