THE ISSUE OF PRICING POLICY IN OIL AND GAS SECTOR: WHY OIL PRICES ARE RISING

  • Irina Onyusheva Turan University, Almaty
  • Phyu Phyu Khaing Stamford International University, Bangkok
  • Noe Noe Aung Stamford International University, Bangkok

Abstract

The given article is dedicated to the current issues of pricing policy in the oil & gas sector. Particularly, it studies the factors, causes and consequences of oil prices rising. The research methodology of this paper is comparative analysis of the existing patterns of macroeconomic development, political differences and social issues within the global oil and gas industry providers. The given analysis is based on SWOT, PESTLE, cause-effect modeling, risk management techniques, as well as the five forces model by M. Porter detecting competitive advantages of the related countries. The authors also consider possible solutions and provide recommendations on how to improve the current global economic situation in the given field.

Author Biographies

Irina Onyusheva, Turan University, Almaty

Dr., Prof., Turan University, Almaty, Kazakhstan; Stamford International University, Bangkok, Thailand

Interests – Economics, Strategic Management, Formation, ensuring and increasing economic competitiveness on both micro- and macro- levels; Human Capital development; HR Management; Knowledge Economy; Knowledge Management; Project Management; Management in Education

Phyu Phyu Khaing, Stamford International University, Bangkok

Stamford International University, Bangkok, Thailand; Strategy First Institute, Yangon, Myanmar, International MBA Program

Interests – International Business Management, Strategic Management, HR Management

Noe Noe Aung, Stamford International University, Bangkok

Stamford International University, Bangkok, Thailand; Strategy First Institute, Yangon, Myanmar, International MBA Program

Interests – International Business Management, Strategic Management, HR Management

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Published
2019-06-25
How to Cite
Onyusheva, I., Khaing, P. P., & Aung, N. N. (2019). THE ISSUE OF PRICING POLICY IN OIL AND GAS SECTOR: WHY OIL PRICES ARE RISING. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (3(16), 13-24. Retrieved from https://euraseans.com/index.php/journal/article/view/149