Retail Oil and Gas Logistics Market to Witness Growth Acceleration During 2022-2028 | Agility, C.H. Robinson Worldwide

Retail oil and gas logistics involves supplying refined oil and gas from various refineries to the sale outlets like fuel stations. Oil and gas products are carried to the retail fuel stations mainly by modes of transport such as tanker trucks and railroad. These logistics include transportation of extracted crude oil, drilling equipment, natural gas and refined products from source to destination. Petroleum logistics comprises of all the phases from upstream to downstream. Retail oil and gas logistics market is anticipated to see a promising growth in upcoming years.

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Companies Profiled in this report includes:  Agility, C.H. Robinson Worldwide, Inc, DB Schenker, DHL International GmbH, KUEHNE + NAGEL, GAC, BDP International, SGS SA, BOLLORÉ TRANSPORT and LOGISTICS

MARKET SEGMENTATION

  Based on type, the global retail oil and gas logistics market is segmented into upstream, midstream and downstream.

  On the basis of application, the market is segmented into offshore and onshore.

MARKET DYNAMICS

Drivers:

  Increasing applications where oil and gas products are used extensively.

  Rising urbanization and increasing per capita disposable income to boost the market growth of retail oil and gas logistics.

Restraints

  Growing awareness for environment friendly products.

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IMPACT OF COVID-19 ON RETAIL OIL AND GAS LOGISTICS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Oil and gas products are used extensively in various kind of applications. Due to several limitations imposed by government authorities to control the pandemic, use of these oil and gas products have reduced to significant extent. Reduced demand has also impacted the production proportionally. But still, this market is expected to grow considerably post pandemic.

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