THE NEWEST TERRITORIAL SHIFTS IN THE GLOBAL OIL INDUSTRY: QUANTITATIVE EVALUATION

Abstract

This article is devoted to the quantitative evaluation of the newest changes in the global oil industry for the period from 2001 to 2020. The study of changes in territorial structures over time allows us to better understand the emerging trends in the industry and give more accurate forecasts of further development. The objects of the study are the sub-sectors - oil production and refining in two segments - the actual output and installed capacity of refineries. The author estimates territorial shifts based on the following indicators: V.M. Ryabtsev’s criterion and A.P. Gorkin’s coefficient of location inertia. In addition, a general overview of the changes in the role of individual states and macro-regions in the oil industry is presented. The results of the study indicate significant territorial shifts in all segments of the oil industry, despite its overall maturity.