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Prospects for the global oil market in the scenarios of the Russian Energy Agency
https://doi.org/10.32609/0042-8736-2025-2-5-18
Abstract
The article describes the development of the world oil market, presented by the Russian Energy Agency of the Ministry of Energy of Russia within the framework of working out longterm scenarios for the future of world energy until 2050. The analysis focuses on oil extraction and peak oil consumption in various macroregions. A comparison is made with scenario forecasts of the International Energy Agency, the US Energy Information Administration, OPEC, McKinsey, BloombergNEF and bp Energy Outlook. Recommendations are given for the development of the Russian oil industry within the framework of the Rational Technological Choice scenario.
Keywords
crude oil,
fossil fuels,
hydrocarbons,
energy consumption,
energy,
world trade,
energy balance,
economic policy
JEL: F470, L710.
About the Authors
V. V. Drebentsov
Russian Energy Agency by the Ministry of Energy of the Russian Federation
Russian Federation
Russian Federation
Moscow
N. A. Ivanov
Russian Energy Agency by the Ministry of Energy of the Russian Federation; Gubkin University
Russian Federation
Russian Federation
Moscow
V. V. Semikashev
Institute of Economic Forecasting, RAS
Russian Federation
Russian Federation
Moscow
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Supplementary files
Review
For citations:
Drebentsov V.V., Ivanov N.A., Semikashev V.V. Prospects for the global oil market in the scenarios of the Russian Energy Agency. Voprosy Ekonomiki. 2025;(2):5-18. (In Russ.) https://doi.org/10.32609/0042-8736-2025-2-5-18
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