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.
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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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 is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global crude oil market.
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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
6. Crude Oil Market Customer Information
7. Crude Oil Market Trends And Strategies
8. Crude Oil Market Size And Growth
9. Crude Oil Market Regional Analysis
10. Crude Oil Market Segmentation
11. Crude Oil Market Metrics
12. Asia-Pacific Crude Oil Market
13. Western Europe Crude Oil Market
14. Eastern Europe Crude Oil Market
15. North America Crude Oil Market
16. South America Crude Oil Market
17. Middle East Crude Oil Market
18. Africa Crude Oil Market
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
24. Copyright And Disclaimer
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