12/26/2019 0 Comments
Energy Outlook Report - Coursework Example The changes in the oil prices and the demand, supply and consumption levels in the market would highly affect the energy sector in Russia. The consumption of natural gas as major energy resource will be attaining momentum and the coming twenty years can be labelled as the era of gas as a main source of energy. The market position of Russia as a leading country in the global energy market may be affected by different changes which the country would try to balance through their strategies. Russia is likely to be affected by the changing situations in the market in the forecasted period. The exports of oil and gas from Russia are forecasted to be lower due to the decrease in the demand levels for these sources of energy across the world. The high costs and the existing system of taxation are likely to put a constraint on the energy resources of Russia as exported in the global energy market. Russia is a leading country with respect to world energy and is a significant player in the international market of energy and power. The energy market of Russia is a critical contributor to the world economy and also directly influences the stability of the economy of Russia. Therefore, a comprehensive analysis of the development and future outlook for the energy sector of Russia with respect to the global energy market perspective is significant in understanding and planning the development of the economy. The analysis of the future of the energy sectors in Russia and the global market is done to evaluate and analyse the strategies of the country with respect to the development of the energy market and the economy of the country. The global energy landscape has been undergoing major transformations after the event of the economic crisis of 2008. The characteristics of the energy outlook has been demonstrating increasing volatility in the prices of the hydrocarbons, the changing demand and supply equations, increasing level of
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