The Strategy for Addressing the Challenges of Global Oil Market Globalization: Diversification of Energy Sources and Development of Renewable Technologies in Ukraine
The article explores the challenges of globalization in the global oil market and proposes a strategy for addressing them. It was found that the globalization of the oil market and related issues significantly affect Ukraine’s economy and population due to the country's heavy dependence on oil and petroleum imports to meet domestic needs. Along with the impact of global oil market challenges, the war in Ukraine has significantly affected the country's energy security and exacerbated economic problems related to oil import dependence.