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Theoretical–Methodological Principles of the Problem

  • Adalat Muradov
  • Yadulla Hasanli
  • Nazim Hajiyev
Chapter
Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

Abstract

The roles that hydrocarbon resources, including oil products as energy carriers, play in the economy and in the life of people are undeniable. Thus, a demand arises for oil and oil products as energy carriers. Oil has been extracted for many years, and it is already produced in more than 100 countries that contribute to the supply of oil and oil products. The changes in supply and demand for oil continuously maintain the volatility of the oil price, increasing the interest of producers and consumers in oil prices.

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Copyright information

© The Author(s), under exclusive license to Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Adalat Muradov
    • 1
  • Yadulla Hasanli
    • 1
  • Nazim Hajiyev
    • 1
    • 2
  1. 1.Azerbaijan State University of EconomicsBakuAzerbaijan
  2. 2.Harvard UniversityCambridgeUSA

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