Study of factors that influence changes in the price of oil

This article examines the dynamics of changes in the average price of oil exports to the Russian Federation for the period from 2004 to 2019. The impact of the mineral extraction tax, the exchange rate of the us dollar, the average cost of production, and so on has been studied. In conclusion, we draw conclusions about the complexity of the oil pricing process, as well as that the containment of internal factors (intra-country) is not able to fully manage the effectiveness of oil exports on the world market, which significantly.