Keyword: «oil production»

The world market for oil is a strategic commodity in the market within the leading positions of oil in the fuel and energy balance of the world, the considerable extent of international trade in hydrocarbons and the desire of States to energy security. To solve problems of increasing the efficiency of oil extraction is necessary to create certain organizational and economic conditions in the oil industry that will improve the world oil market.

The article deals with the analysis of the factors, which influence on petrol price in the Russian Federation. To research price level trends, the author offeres mathematical models which show the dependence of petrol prices on some most important factors. According to the research results, conclusions about petrol price formation in Russia were made.