Global Oil Market in the Context of Geopolitical Instability and Demand Transformation: The Role of Leading Countries and Alliances

The article examines the current state and prospects of the global oil market with an emphasis on key economic and geopolitical factors that determine price dynamics and production volumes. Particular attention is paid to the impact of trade wars and the slowdown in the global economy on energy demand, as well as the specifics of the oil market in China and India as the largest and most promising oil consumers. The role of the United States as a leader in the production of liquid hydrocarbons is analyzed, including the current situation and problems of the shale industry, which is characterized by high capital intensity. The prospects for Latin America are also considered. The transformation of the role of the OPEC alliance is described.