Global Oil Market: Main Trends

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017, No. 12, pp. 5-7

3 Pages Posted: 18 Jul 2017

See all articles by Yuri Bobylev

Yuri Bobylev

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration

Multiple version iconThere are 2 versions of this paper

Date Written: July 13, 2017

Abstract

The oil output cut agreement between some OPEC and non-OPEC countries, including Russia, pushed global crude oil prices to USD 50–55 a barrel in the first few months of 2017. The oil output boost in the United States and in some other countries has become an increasingly greater challenge which can neutralize the effect of the agreement. The global market is volatile, and there are risks that crude oil prices will plunge.

Keywords: Russian Economy, Oil Market, Production, Prices

JEL Classification: L71, O47, O13, Q32

Suggested Citation

Bobylev, Yuri, Global Oil Market: Main Trends (July 13, 2017). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017, No. 12, pp. 5-7, Available at SSRN: https://ssrn.com/abstract=3001766 or http://dx.doi.org/10.2139/ssrn.3001766

Yuri Bobylev (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration ( email )

Vernadsky Avenue 82
119571
Russia

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