Article - Problems of Modern Economics

The article analyzes the major factors and tendencies in formation of the balance of supply and demand on oil and gas markets, gives results of the forecast model of balance on the international market for hydrocarbons and oil prices. The author offers price forecast for hydrocarbons for the European Union and some CIS countries, and analyzes the dependency of prices for other hydrocarbon resources upon international oil prices

Key words: CIS, EU, international market of hydrocarbons, balance of supply and demand, forecast models, international prices

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