Study of the national oil products market and its impact on the development of the national economy

Abstract

In modern conditions of the economic and political environment, the issue of ensuring sustainable growth of national welfare is relevant. Energy sources are crucial in the development of the global economy. As you know, Russian-made oil and gas is characterized by low production costs and high resistance to fluctuations in world prices. According to the Federal State Statistics Service, from January to April 2019, oil production in Russia increased, as did its export. Active discussions are ongoing about what will happen to the oil market in the coming years and in the long run. Today, the world powers are in the midst of intense global competition of resources. The US, which has long been an oil importer, is becoming an oil exporter. At the same time, state bonds such as Russia and China are becoming more stable. Despite the serious problems, the economic potential of Russia allows it to claim a significant role in the processes of international economic integration. Thus, a national goal is being formed, which our state is striving for - creating a stable and globally competitive economy, based on ensuring economic growth rates above world rates with an inflation rate of not more than 4 %.