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

Floating differential system as a method of determining the crude oil market price

UDC: 338.45:662.6
DOI: -

Authors:

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

Keywords: price discovery at the oil market, floating differential, market price of Russian oil, sources of price information, sanctions restrictive measures, budgeting process

Annotation:

The problem of determining the market price of Russian oil at the world market against the backdrop of expanding sanctions restrictions is becoming the most pressing at the current moment and requires serious study with the formation of the correct methodological approach. The practical aspect of the methodology for determining the real market price for Russian oil is directly related to federal budget revenues and is a priority task for government regulators and fiscal authorities. The author of the article analyzes pricing for Russian export oil using differentials and methods for calculating floating differentials as well as highlights the multifactorial nature of the formation of a market differential for oil. A balanced and scientifically based methodological approach to solving the problem of market pricing for Russian oil is currently becoming increasingly important and creates a solid basis for the development of export operations of Russian companies at the global oil market as well as makes the budget process more predictable and stable.

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