Abstract:

The article deals with the problems of pricing in the global oil market, based on the dependence of oil supply on the state of the oil industry. An attempt was made to investigate the degree of dependence of oil production on factors such as the degree of depreciation of fixed assets of the industry, the number of commissioned oil wells, the average daily production rate of one well, the volume of production drilling for oil, the coefficient of renewal of fixed assets, the level of profitability of enterprises, business activity in the industry . The key aspects of pricing in the oil market are issues of the state of the oil industry, the relationship between supply and demand, the problem of stabilizing oil prices, the politicization of the oil market.