«Problems of economics and management of oil and gas complex»

Export alternative as a method for determining prices in the domestic market of oil and petroleum products: analysis of the methodology of international price reporting agencies

UDC: 338.45:662.6
DOI: -

Authors:

¹ National University of Oil and Gas "Gubkin University", Moscow, Russia

Keywords: pricing in the oil and petroleum products market, export alternative, export parity, netback, damping mechanism, differential, sanctions restrictive measures

Annotation:

The authors of the article analyze pricing at the domestic oil market using the export alternative method and discuss methods for calculating the export alternative by international pricing agencies. A methodological approach to solving the problem of market pricing at the domestic fuel market is of particular importance in the light of the recent events and the increasing sanctions pressure on the Russian economy and especially on the oil and gas industry. The export alternative or export parity (netback), being a well-proven method for determining the domestic price of fuel, in the current situation creates high risks for the Russian fuel market, importing external instability and volatility.

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