A sharp drop in oil prices in late 2014 and early 2015 is a major challenge for the Russian oil sector and the entire domestic economy. Any adjustment of public strategy and energy policy to changing circumstances should be based on a thorough analysis of the nature of crisis and its likely consequences.
VYGON Consulting study “World Oil Market: From Manual Control to the Invisible Hand” is devoted to the analysis of the current situation on the world oil market, assessment of the pricing factors and shaping the baseline oil price scenario.
Particularly, we attempted to answer the following questions:
- How the shale gas revolution affected the world oil market?
- What strategy OPEC will choose under the new circumstances?
- What will happen to oil prices?
Moreover, the study suggests the results of oil price poll among the government officials, Russian oil & gas companies and expert community, which generally provides information on oil price scenarios and the factors to determine its future trends