TENDENCIES OF DEVELOPMENT OF OIL INDUSTRY IN THE WORLD ECONOMY


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Abstract

At the moment, the oil industry plays a huge role in the global economy. This is due to the fact that most of the surrounding phenomena of life are indirectly or directly related to oil. Modern society is completely dependent on the oil resource and product. As far as we know, the oil resource is not renewable. Many countries have to import oil from abroad, which is a big income for the exporter. In turn, oil trading exchanges and world oil organizations and companies form oil prices, which play a significant role in export-import relations.

About the authors

Marine Martinovna Manukyan

Samara National Research Umiversity

Author for correspondence.
Email: lioner97@mail.ru

References

  1. Mirovaya ekonomika: uchebnik. Pod red. prof. A.S. Bulatova [World Economy: textbook. A.S. Bulatov (Ed.)]. M.: Ekonomist", 2005, 734 p. [in Russian].
  2. Ekonomicheskii slovar’. Pod red. A.N. Azriliyana. 2-e izd. [Economic Dictionary. A.N. Azriliyan (Ed.), 2nd edition]. M.: Institut novoi ekonomiki, 2008, 1152 p. [in Russian].
  3. Oil.Ekspert [Elektronnyi resurs] [Electronic journal Oil. Expert [Electronic resource]]. Available at: http://www.oilexp.ru [in Russian].

Copyright (c) 2018 Марине Мартиновна Манукян

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