Abstract
The article describes the features of the oil market, taking into account the value of the oil industry for Russian economy. The author identifies the main factor determining the price of oil on the world market which is futures trading settlement. In the terms of falling quotations on derivatives there is reduction of capital costs which is the reason of the suspension of the projects developing new oil fields and the decrease in production efficiency of explored fields. Under these circumstances, the only option for companies is a significant reduction in costs due to investment. Later, however, it may be expressed in the reduction of production volumes that can shake the quotes and put a price on the highest level.
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