The Business Research Company’s Crude
Oil global market report, covers the year-on-year growth of the global Crude Oil market historic
and forecast growth. It also includes chapters on the Crude Oil market trends, geographical
analysis, and competitive landscape.
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the report at:
The global crude oil market size is expected
to grow at a CAGR of around 4.5% during the forecast period.
Crude
Oil Market Trends
The
crude oil market consists of sales of crude oil by entities (organizations,
sole traders and partnerships) carrying out exploration, development and
production of petroleum and natural gas (by using pumping technologies and
systems), as well as hydrocarbons which are in a semi solid state from surface
shales or tar sands.
Digital
oilfield technology is recently being used by Oil and gas extraction companies,
to enhance oil and gas production. Digital technologies in oil fields include
high-performance drill bits, advanced electrical submersible pumps, and 3D
seismic imaging and reservoir modelling. Oilfields digitization facilitates
efficient utilization of human resources and thus optimizes the profitability
of oil production by ten percentage points.
The global Crude Oil market is primarily driven by rising
demand for fossil fuels to cater to energy needs from around the world
especially in developing countries such as China and India and the expected
stabilization of oil and gas prices.
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The global Crude Oil market report covers the
following regions under the geographical analysis section: Asia Pacific,
Western Europe, North America, Middle East, Africa, South America, and Eastern
Europe. Major countries under each of these regions are also covered under the
country analysis chapters.
With economic growth, increase in positive
economic outlook, rising demand for fossil fuels to cater to energy needs from
around the world especially in developing countries such as China and India and
the expected stabilization of oil and gas prices, the global Crude Oil market
is expected to increase in potential and scope. TBRC’s report also covers the Crude
Oil drivers and restraints in the market.
The global Crude Oil market’s segment shares in
each geographic region are mentioned in the report, along with the historic and
forecast growth rates for each segment presented visually with supporting
reasons to justify the growth rates.
The top companies included in the global Crude
Oil market report are Royal Dutch Shell, Exxon Mobil Corporation, BP Plc,
Rosneft, Kuwait Petroleum Corporation.
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researchers in 15 countries globally.
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