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THE IMPACT OF CHINA'S ECONOMIC RECOVERY ON THE RUSSIAN OIL MARKET IN THE CASE OF CORONAVIRUS

Proceeding
All-Russian scientific and practical conference with international participation «Law, Economics and Management»
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Published in:
All-Russian scientific and practical conference with international participation «Law, Economics and Management»
Authors:
Naitsziuan' Khuan 1 , Aleksandr M. Karnaukhov 1
Work direction:
Международная экономика
Pages:
90-93
Received: 1 February 2021

Rating:
Article accesses:
1783
Published in:
РИНЦ
1 FGAOU VO "Sankt-Peterburgskii politekhnicheskii universitet Petra Velikogo"
For citation:
Khuan N., & Karnaukhov A. M. (2021). THE IMPACT OF CHINA'S ECONOMIC RECOVERY ON THE RUSSIAN OIL MARKET IN THE CASE OF CORONAVIRUS. Law, Economics and Management, 90-93. Чебоксары: PH "Sreda".

Abstract

The outbreak of the new coronavirus-COVID-2019 at the end of 2019 had a great impact on the global oil market, especially on the Russian energy market, in the first five weeks of 2020, oil prices continued to fall, this is the most unfavorable trend since November 2018 [1]. Coupled with the oil price war caused by Saudi Arabia, it has had a huge impact on the Russian economy. But with China's successful control of the coronavirus, China's economy has gradually recovered and oil demand has returned to normal. This article examines the state of the Russian oil market under coronavirus, introduces the oil price war between Russia and Saudi Arabia, and analyzes the impact of the gradual recovery of China's economic activity on the Russian oil market.

References

  1. 1. Катона В. Влияние коронавируса на нефтяной рынок / В. Катона; Российский совет по международным делам. 21.02.2020 [Электронный ресурс]. – Режим доступа: https://russiancouncil.ru/analytics-and-comments/analytics/vliyanie-koronavirusa-na-neftyanoy-rynok/
  2. 2. Гостищева А. PMI обрабатывающих отраслей РФ упал в октябре до 46,9 пункта / А. Гостищева [Электронный ресурс]. – Режим доступа: https://saminvestor.ru/news/2020/11/02/73380/?
  3. 3. Крупнейшие обвалы на нефтяном рынке. 19.03.2020 [Электронный ресурс]. – Режим доступа: https://tass.ru/info/8024531

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