The article deals with the dynamics of world oil prices in recent years, analyzes their dependence on various geopolitical and economic events. Detail considered as fundamental for oil pricing factors, such as the marginal cost of production, the development of technologies for the extraction of conventional and unconventional hydrocarbons, obtaining energy from renewable sources, the balance of supply and demand in general, politics and geopolitics, and many other very different phenomena and processes ( terrorist attacks, strikes of the oil industry, fires and natural disasters, the so-called "monetary" factors). Among these factors, the special role played by the growing production of shale oil in the US, which was decisive in the formation of the oil market in recent years. It is shown that the US shale industry has a significant margin of safety, to some extent, previously underrated. Thus, improving the efficiency of drilling, selective drilling of the most effective areas, leading to a significant increase in the productivity of wells and OE factors contributed to the growth of oil production in the US and after the number of drilling rigs operating in the country, reaching a peak in October 2014, quickly became decrease. Thus, the action of the "American" pricing factor on the world oil market (production primarily shale oil will continue in the future in conjunction with the actions of the monetary authorities of the country, the ruling on the world financial markets) will continue in the future.
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