Europe Oil And Gas Market Size, Share | Industry Report 2024

The European oil and gas market has been volatile in the last few years due to change in demand and supply of oil and gas. The economic crisis has reduced gas consumption rates and so the imports in 2015. This volatility is due to excess supply of gas leading to cheap market value and lack of the US and China import demand due to their shift of interest in unconventional gas production. Te ebbing demand has led to falling of gasoline’s growth contribution to 7.7% in 2016. In 2017, prices of oil and gas it likely to pull higher due industrialization, colder winter conditions and road transportation in Europe. Also, due to the slowdown of nuclear sector in Europe after Fukushima nuclear disaster, an increase in annual gas consumption of 20 to 40 billion cubic meters is expected from 2016 to 2020. Aftermath of 2011 Fukushima nuclear disaster, Germany had shut down 7 nuclear power plant and likely to exit more by 2020. Looking further, import of oil and gas by European countries is like to increase.


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Key findings from the study: -
• The European oil and gas market has been volatile in the last few years due to change in demand and supply of oil and gas.
• Also, due to the slowdown of nuclear sector in Europe after Fukushima nuclear disaster, an increase in annual gas consumption of 20 to 40 billion cubic meters is expected from 2016 to 2020.
• The total consumption of key products gasoline, kerosene (jet fuel), diesel, residual fuel oil and other products was 13.8 million barrel/day. Major consumption was of diesel 4.89 million barrel/day.
• The leading company in Europe is Royal Dutch Shell followed by British Petroleum Total. European countries have 20% of largest companies, contributing to 21% of enterprise value and 20% of production.

Ameri Research has segmented the Europe Oil And Gas Market by material categories, product type, end-use and region:

Market Segmentation

• Market growth drivers
• Top players
• Global regional insights
• Technology outlook

Regional outlook
• Europe and Asia Pacific

Application Outlook
• Oil and Gas, refinery Industry, petrochemical industries.

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