Press release
Crude Oil Market Growth, Demand, Supply, Latest Trends, Future Scope And Forecast 2022
The crude oil market expected to reach a value of nearly $1407.65 billion by 2022, significantly decline at a CAGR of 1.2% during the forecast period. This can be attributed to the 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 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.
Crude Oil Market Segmentation: -
By Type
1. Transport
2. Industrial
3. Others
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Crude Oil Market Characteristics
4. Crude Oil Market Product Analysis
5. Crude Oil Market Supply Chain
……
19. Crude Oil Market Competitive Landscape
20. Key Mergers And Acquisitions In The Crude Oil Market
21. Market Background: Oil & Gas Upstream Activities Market
22. Recommendations
23. Appendix
The report covers the trends and market dynamics of the crude oil market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the crude oil market are Royal Dutch Shell, Exxon Mobil Corporation, BP Plc, Rosneft, Kuwait Petroleum Corporation
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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