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

  • Irina Onyusheva Turan University, Almaty
  • Khaing Phyu Phyu Strategy First Institute, Yangon
  • Aung Noe Noe Strategy First Institute, Yangon
Keywords: oil and gas, price, pricing policy, Brent, WTI, Dubai

Abstract

The given article is devoted to the current issue of pricing policy in oil and gas sector. Particularly, it has been studied the factors, causes and consequences of oil prices rising. The research methodology of this paper is based on conducting the comparative analysis of existing patterns of macroeconomic development, political differences and social issues within global oil and gas industry providers. The given analysis is based on SWOT, PESTEL, cause and effect modeling, risk management techniques, as well as the five forces model by M. Porter detecting competitive advantages of the related countries. It is also implemented the systematic vision and expert assessment. Moreover, it has been considered the possible solutions and recommendations on how to improve the current global economic situation.

Author Biographies

Irina Onyusheva, Turan University, Almaty

Dr., Prof., Turan University, Almaty, Kazakhstan

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

Khaing Phyu Phyu, Strategy First Institute, Yangon

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

Interests – International Business Management, Strategic Management, HR Management

Aung Noe Noe, Strategy First Institute, Yangon

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
2019-11-30
How to Cite
Onyusheva, I., Phyu Phyu, K., & Noe Noe, A. (2019). THE ISSUE OF PRICING POLICY IN OIL AND GAS SECTOR: WHY OIL PRICES RISING. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (6(`19), 30-40. Retrieved from https://euraseans.com/index.php/journal/article/view/171