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The Analysis of the Oil Market in Ukraine

Author

Listed:
  • Sapronov Yuriy A.

    (Research Centre of Industrial Problems of Development of NAS of Ukraine)

  • Kostenko Dmitriy N.

    (Research Centre of Industrial Problems of Development of NAS of Ukraine)

Abstract

The article examines the state of the oil market in Ukraine. The article explores the dynamics of oil consumption in Ukraine. In this article the main consumers and producers of fuel in Ukraine is defined. The article analyzes the dynamics of oil refining. The dynamics of oil exports from Ukraine is investigated. The paper analyzes the demand for crude oil in Ukraine. It is established that the oil market in Ukraine has significant impact on the dependence of domestic producers of light oil products from oil imports. We investigated the trend of oil production in Ukraine, and determined its steady decline in recent years. Ehe imports of crude oil and petroleum products was analyzed . The main importers of the Ukraine was defined. A comparative analysis of the supply and demand of oil in the Ukrainian market, based on the balance of the crude oil market was made. We investigated the geographical, historical and political terms of trade of crude oil in Ukraine. Pricing mechanisms of major traders of crude oil in Ukraine were analyzed. Dynamics of volumes and prices for crude oil according to the auctions in 2012 was investigated. An analysis of the national market of crude oil has been determined that: the trend of trade crude oil in Ukraine due to the reduction in oil refining, which, in turn, is caused by displacement from the national market of motor fuel domestic fuel imports, the main cause of poor competitiveness of the domestic motor fuel is its quality does not meet modern standards and their corresponding price, low quality of domestic production of motor fuels, the dominant use for its production of low-quality (high-sulfur) import (Russian) oil; overall competitiveness of the domestic oil considered low.

Suggested Citation

  • Sapronov Yuriy A. & Kostenko Dmitriy N., 2012. "The Analysis of the Oil Market in Ukraine," The Problems of Economy, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), issue 4, pages 56-67.
    • Handle: RePEc:idp:redpoe:y:2012:i:4:p:56_67
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