Abstract
The given article is dedicated to the current issues of pricing policy in the oil & gas sector. Particularly, it studies the factors, causes and consequences of oil prices rising. The research methodology of this paper is comparative analysis of the existing patterns of macroeconomic development, political differences and social issues within the global oil and gas industry providers. The given analysis is based on SWOT, PESTLE, cause-effect modeling, risk management techniques, as well as the five forces model by M. Porter detecting competitive advantages of the related countries. The authors also consider possible solutions and provide recommendations on how to improve the current global economic situation in the given field.