Anis Benabed – Doctoral School of Economics & International Business, Bucharest University of Economic Studies, Piata Romana 6, 010374, Bucharest, Romania

7th International Scientific-Business Conference – LIMEN 2021 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Online/virtual, December 16, 2021, published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-54-7, ISSN 2683-6149, DOI:

International oil and gas



This paper analyses and presents the possible trends in the inter­national oil and gas market under the waves of globalization; the study and research show the reforms and confrontation of the international energetic platform within the globalization of the International market. The road to­wards independent energies and economic growth to build and maintain the economy strong can be balanced differently from time to time between energy production and consumption. The necessity for such a global growth in economy and profits has led in particular most oil and gas companies to find new ways to dominate again the international oil and gas market by enhancing their investments to sustain their energy businesses. Further­more, the sharp rise in energy prices poses major risks in the short term to global inflation and if it continues it may also affect the energy importing countries. The conclusions show that the sharp rise in commodity prices has turned out to be more pronounced than previously expected, moreover, the price fluctuation are finally complicating the policy options as different countries emerge from the global recession, so adapting production strat­egies for the future requirements to satisfy the needs of the international market rely more on new energy insights and sustainable possibilities.

Download file

LIMEN Conference

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License ( which permits non-commercial use, reproduction and distribution of the work without further permission. 


Xiaobing, L & Molina M. (2014). Oil: A cultural and Geographic Encyclopedia of Black Gold. Santa Barbara, California, USA

Palo A., & Author, B. B. (2001). Global oil trends. Canada, Cambridge, Mass: Cambridge En­ergy Research Associates.

Inkpen & Andrew C. (2005). The global oil & gas industry: management, strategy & finance, Tulsa, Okla: PennWell.

Bjørndal E. (2010), Energy, natural resources and environmental economics, Heidelberg, New York, Springer

Warner M (2011), Local content in procurement: creating local jobs and competitive domestic industries in supply chains, Sheffield, UK, Greenleaf Publishing

Fogarty T and Lamb R (2012), Investing in the renewable power market: how to profit from energy transformation, Hoboken, N.J.: John Wiley & Sons

Richardson, TX (1998), Oil & Gas executive, United States, Society of Petroleum Engineers

OECD. (2005). Environment and the OECD guidelines for multinational enterprises, Par­is, Organisation for Economic Co-operation and Development, 1 (1), 2-5 https://doi. org/10.1787/9789264009394-en

Shivaprasad A., (2022), JP Morgan sees OPEC spare capacity falling through 2022, Bengaluru, Reuters,

Association of Economists and Managers of the Balkans – UdEkoM Balkan
179 Ustanicka St, 11000 Belgrade, Republic of Serbia

LIMEN conference publications are licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.