Oil market in Russia and the world: state and prospects

The article examines the state of the world oil market and the oil industry of Russia. The article studies the factors of establishing world oil prices. The results of OPEC + transactions in March and April are presented, as well as the consequences and forecasts for the state of the oil industry in Russia and the world for 2020 are proposed. As a result, it was concluded that the price on the world oil market will be lower than in 2019, because of this, the Russian economy and the profitability of oil companies will deteriorate.