OPEC: OIL AND GLOBAL ENERGY MARKETS. IT'S ROLE AND INFLUENCE

Authors

  • Musurmonov Damirjon Suvon ugli, M.T. Ziyadullayeva Samarkand institute of service and economics, student of faculty of Economics, Assistant teacher of department of Teaching language

DOI:

https://doi.org/10.55640/

Keywords:

oil, gas, energy market, OPEC, export, import, exchange rate, COVID-19 pandemic. Introduction.

Abstract

 Oil plays a vital role in shaping global energy markets and influencing international economic stability. This paper examines the dynamics of oil supply and demand, price fluctuations, and the impact of geopolitical tensions on energy security. It also explores the transition towards renewable energy and its implications for oil-dependent economies. The study highlights the need for sustainable energy policies and diversification to ensure long-term global energy stability.

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References

1.BP. (2023). BP Statistical Review of World Energy 2023. London: BP p.l.c. Retrieved from https://www.bp.com/statisticalreview

2.Dunning, J. H. (1993). Multinational Enterprises and the Global Economy. Addison-Wesley Publishing.

3.Fattouh, B., & Mahadeva, L. (2013). OPEC: What Difference Has It Made? Oxford Institute for Energy Studies.

4.International Energy Agency (IEA). (2022). World Energy Outlook 2022. Paris: OECD/IEA.

5.Kilian, L., & Murphy, D. P. (2014). The Role of Inventories and Speculative Trading in the Global Oil Market. Journal of Applied Econometrics, 29(3), 454–478.

6.World Bank. (2024). Uzbekistan Economic Update: Sustaining Growth and Energy Transition. Washington D.C.: The World Bank Group.

7.https://www.trade.gov/country-commercial-guides/uzbekistan-oil-and-gas

8.file:///C:/Users/UseR/Downloads/Telegram%20Desktop/2024-6-4%20(3).pdf

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Published

2025-10-31

Issue

Vol. 4 No. 9 (2025): Journal of Multidisciplinary Sciences and Innovations

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.

How to Cite

OPEC: OIL AND GLOBAL ENERGY MARKETS. IT’S ROLE AND INFLUENCE. (2025). Journal of Multidisciplinary Sciences and Innovations, 4(9), 1566-1570. https://doi.org/10.55640/

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