CRUDE OIL MARKET (Global Market Trends, Size, Share & Analysis 2018-2026)
GLOBAL CRUDE OIL MARKET FORECAST 2018-2026 “The Global Crude Oil market is likely to register a healthy CAGR of 3.18% during the forecast period of
2018-2026.�
Unrefined petroleum is often termed as crude oil. By employing processes such as fractional distillation, crude oil can be processed to obtain non-renewable fuels like kerosene, petrol, diesel, etc. Over the forecast period of 2018-2026, the global crude oil market is likely to register a healthy CAGR of 3.18%.
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MARKET DRIVERS
01
FLOURISHING TRANSPORTATION INDUSTRY
03
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GROWING IMPORT AND EXPORT OF CRUDE OIL
02
GROWING DEMAND FOR PETROLEUM PRODUCTS
04
HIGH VOLUME HYDRAULIC AND HORIZONTAL DRILLING
MARKET INSIGHTS
• Factors such as the flourishing transportation industry, growing demand for petroleum products and growing import and export of crude oils are driving the global crude oil market. Inkwood Research
• Overall, this market is segmented on the basis of applications and types. • Crude oil often finds its application in the production of gasoline, diesel fuel& heating oil and other applications.
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The market segment by type is sub-divided into light crude oil and heavy crude oil.
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Global Crude Oil Market Growing at a CAGR 3.18% During the Forecast Period of 2018-2026 Request Free Sample!
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REGIONAL INSIGHTS
North America Crude Oil Market Growing at a CAGR 3.14% During the Forecast Period of 2018-2026
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Asia Pacific Crude Oil Market Growing at a CAGR 3.76% During the Forecast Period of 2018-2026 Request Free Request Sample Free Sample
Europe Crude Oil Market Growing at a CAGR 1.65% During the Forecast Period of 2018-2026 Request Free Sam ple
COMPETITIVE INSIGHTS Some of the well-established market companies in this region are Cairn India, Bp Global, Chevron Corporation, Gazprom, Exxon Mobil Corporation, Kuwait Petroleum Corporation, Marathon Petroleum Corporation, Lukoil, National Iranian Oil Corporation (NIOC), Pemex (Petrรณleos Mexicanos), Oil And Natural Gas Corporation Limited (ONGC), Royal Dutch Shell, Sinopec Or China Petroleum & Chevron Corporation, Saudi Aramco, and Total Sa.
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