Global oil glut and sanctions: The impact on Putin’s Russia

Russian oil and gas industry on the eve of changes

“…It can be proved by a project "Energetic Strategy of Russia until 2035", for which a solution to Russian economy's problems is only possible due to choosing raw-innovative development strategy, using the potential of the exploitation industries, domestic science, innovation and new technologies. But, as Tuzowa and Qayum [27] emphasized Russia should find and develop other tradable industries or its long-term economic prospect will not be optimistic.…”

“…Current situation of Russian oil sector derives from the lack of any reforms for two decades when based on the Soviet Union's legacy. Most of production still comes from old soviet-era fields and this wealth is running out [27]. Therefore, mentioned anniversary is a good moment to consider contemporary Russia's oil industry, problems to be faced and prospects to its development.…”

Mathematical modeling of the electric spark ignition of the coal-water particle fuel under conditions relevant to the internal combustion engines

“…The system of equations (1)(2)(3)(4)(5)(6)(7)(8)(9)(10)(11)(12)(13) has been solved under the following boundary conditions, and closing ratios: The thermal conductivity, heat capacity and density of the wet and "dehydrated" parts of the fuel have been calculated similarly [14]. The formulated problem of mathematical physics has been solved by the finite difference method [15].…”

“…The uncertainty in the energy markets (oil and gas) [1] has significantly increased in the recent years (10-20 years). Their heterogeneous distribution in the different regions of the world leads to an increase in the geopolitical tensions [2,3]. Such a situation creates the conditions for the partial replacement of oil and products of its distillation (fuel oil, gasoline, alcohol, etc.)…”

Long run dynamic volatilities between OPEC and non-OPEC crude oil prices

“…In the long-run, the deviations may occur based on fundamental factors mostly related to real macroeconomic variables (Kilian and Vega 2011) such as changes in crude oil inventories and oil demand due to the economic recovery (or crisis). They also come from non-fundamental factors particularly connected to speculation in oil futures markets (Zhang 2013, financial market risks (Zhang and Wei 2011), the US dollar exchange rate (Wu andZhang 2014, Reboredo et al 2014), and geopolitical or military conflicts (Tuzova and Qayum 2016).…”