Abstract
The most important element of the global economic system research is the study of the trends in the development of the global oil market. The aim of the work is to build a mathematical model suitable for researching this market in modern conditions. A theoretical game model has been developed, which provides for the possibility of describing oil trade, both through commodity exchanges and under separate agreements between producers and consumers. The parameters of stable states of this market have been determined, both in conditions of non-cooperative behavior of participants, and in the devel-opment of joint strategies for their behavior. With the help of the proposed model, the possibilities of concluding coalition agreements were investigated, both between producers regulating oil supplies on the exchange, and between producers and consumers of oil, concluding private contracts for the purchase of oil bypassing the exchange. The effectiveness of such agreements in the global oil market was assessed. It was concluded that it is possible to use the model to describe the oil market in the presence of sanctions restrictions.
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