Abstract:Today, energy is an irreplaceable resource without which it is impossible to imagine the life of modern society. Oil, as the most important energy resource, has a significant impact on both individual economies and the world economy. The main objective of this chapter is to identify the relationship between oil supply and oil demand of developed and developing countries on the example of OECD and Former Soviet Union countries. The changes that took place in supply and demand in the oil market from 2000 to 2020… Show more
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