THE GLOBAL OIL MARKET: TENDENCIES OF DEVELOPMENT AND SPECIFICS OF PRICING
Today the main source of primary energy is crude oil, consumption of which is expanding rapidly due to the development of the world economy, and as a result, growth in demand for petroleum products. In the global energy balance of oil occupies a leading place: according to British Petroleum in 2012 its share of world energy consumption was 32,5%, the share of oil in world production - 32,7%. Of course, such a high proportion of oil in total energy consumption provides her steady growth of economic and political importance in the world. Having our own oil resources, the ability to export crude oil and petroleum products allow different states to achieve significant progress in economic and social development. A key factor in the development of the world oil market and at the same time the main indicator of its condition is the level of world oil prices. Under international prices meant prices of major export-import transactions concluded on the global commodity market.