Oil and Gas Coverage

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Oil And Gas Market Overview

• Oil And Gas market size has reached to $7976.45 billion in 2024 • Expected to grow to $10208.26 billion in 2029 at a compound annual growth rate (CAGR) of 5.2% • Growth Driver: Positive Impact Of Low Interest Rates On The Oil And Gas Industry In Developed Countries • Market Trend: Innovative Modular Induction Motors Transforming The Oil And Gas Market • Asia-Pacific was the largest region in 2024.

What Is Covered Under Oil And Gas Market?

Oil and gas are natural resources sourced from deep underground. Oil, often called petroleum, is a liquid used to make fuel like gasoline and other chemicals. Natural gas, a gaseous fossil fuel, is primarily used for heating, electricity, and as an input in various industries. These resources are essential for powering industries, transportation, and the global economy. The main types are oil and gas upstream activities, oil downstream products. Oil and gas upstream activities include exploration activities, such as creating geological surveys and obtaining land rights and production activities, such as onshore and offshore drilling. The various drilling types include offshore; onshore that are used for residential, commercial, institutions and other applications.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Oil And Gas Upstream Activities Market Overview

• Oil And Gas Upstream Activities market size has reached to $4618.18 billion in 2024 • Expected to grow to $6040.4 billion in 2029 at a compound annual growth rate (CAGR) of 5.7% • Growth Driver: The Rising Energy Demand Fuels Growth In Oil And Gas Upstream Activities • Market Trend: Innovative Control Valve Solutions Transforming The Oil And Gas Upstream Market • Asia-Pacific was the largest region in 2024.

What Is Covered Under Oil And Gas Upstream Activities Market?

The oil and gas upstream activities undertake the pre-refining activities of crude oil and natural gas production. The oil and gas upstream activities includes drilling onshore and offshore as well as exploration activities like geological survey creation and land rights acquisition. The main types of oil and gas upstream activities are crude oil, natural gas, oil, and gas wells drilling services, oil and gas supporting activities. Crude oil is a naturally occurring petroleum product made up of hydrocarbon deposits and other organic materials that is extracted from the earth and refined into gasoline, jet fuel, and other petroleum products. The different drilling types include offshore, onshore and is used by various sectors such as crude petroleum comprises, natural gas extraction comprises.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Crude Oil Market Overview

• Crude Oil market size has reached to $2931.24 billion in 2024 • Expected to grow to $3693.23 billion in 2029 at a compound annual growth rate (CAGR) of 4.9% • Growth Driver: Surging Global Energy Demand Fuels Crude Oil Market Growth • Market Trend: Strategic Partnerships Reshaping The Crude Oil Market Presence • Asia-Pacific was the largest region in 2024.

What Is Covered Under Crude Oil Market?

Crude oil refers to a naturally occurring, unrefined petroleum substance made up of organic compounds and hydrocarbon deposits. Crude oil is mostly utilized as a fuel and combustible, but IT is also essential as a raw material in the production of chemicals. The main types of crude oil are transport, industrial, and other types. Industrial refers to a company whose main business is producing goods. Nature is organic and conventional. The various end-users involved food and beverage, personal care and cosmetics, biofuel and energy, pharmaceuticals, and other end users.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Natural Gas Market Overview

• Natural Gas market size has reached to $1384.33 billion in 2024 • Expected to grow to $1951.63 billion in 2029 at a compound annual growth rate (CAGR) of 7.2% • Growth Driver: Economic Expansion And Rising Electricity Demand Fuel Growth In The Natural Gas Market • Market Trend: SHV Energy's Strategic Collaboration With GTI Energy For Renewable Propane Production • Asia-Pacific was the largest region in 2024.

What Is Covered Under Natural Gas Market?

natural gas refers to a natural mixture of gaseous hydrocarbons consisting of methane in addition to various smaller amounts of other higher alkanes. In combined heat and power systems, natural gas is used as a fuel. It is also used for heating and generating electricity. The major types of natural gas are transportation, industrial, electric power, and other gases. Natural gas transportation refers to the numerous means by which natural gas is transported from one area to another. The major sources of natural gas are associated, non-associated, and unconventional sources. Natural gas is used by several end-users, such as light-duty vehicles, medium- or heavy-duty buses, and medium- or heavy-duty trucks.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Oil And Gas Wells Drilling Services Market Overview

• Oil And Gas Wells Drilling Services market size has reached to $50.21 billion in 2024 • Expected to grow to $59.12 billion in 2029 at a compound annual growth rate (CAGR) of 3.4% • Growth Driver: Technological Advancements Driving Growth In The Oil And Gas Wells Drilling Services Market • Market Trend: Innovative Technologies Transforming Offshore Production Activities: The Rise Of Acoustic Platforms • North America was the largest region in 2024.

What Is Covered Under Oil And Gas Wells Drilling Services Market?

Oil and gas wells drilling services refer to the extensive set of procedures required to build circular wells using excavation techniques. Oil and gas wells drilling services comprise of new well construction, well reconstruction, well rehabilitation, well repair, installation of pitless equipment, and well plugging services. The main types of oil and gas wells drilling services are onshore drilling services and Offshore Drilling Services. Onshore drilling entails driving a drilling rig deep into the earth to reach fossil fuels. Onshore drilling services include the construction of oil and gas wells for production, exploration, and appraisal, as well as other types of wells such as vertical, deviated, and horizontal wells. The various services offered include directional drilling, non-directional drilling and the machine parts used are rigs, pipes, bits, reamers, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Oil And Gas Supporting Activities Market Overview

• Oil And Gas Supporting Activities market size has reached to $252.4 billion in 2024 • Expected to grow to $336.42 billion in 2029 at a compound annual growth rate (CAGR) of 6% • Growth Driver: Economic Growth In Emerging Markets Driving The Oil And Gas Supporting Activities Market • Market Trend: Innovative Products Transforming The Oil And Gas Supporting Activities Market • North America was the largest region in 2024.

What Is Covered Under Oil And Gas Supporting Activities Market?

Oil and gas supporting activities refer to a range of services and operations that support the extraction, production, and exploration of oil and gas resources. These activities are essential to the upstream segment of the oil and gas industry, ensuring the efficient discovery, extraction, and management of hydrocarbon resources. The main types of oil and gas supporting activities are well maintenance, exploration, and well developing. Exploration companies drilled a deep test hole, and exploratory well both onshore and Offshore to locate proven reserves of recoverable gas and oil. The various drilling types include offshore, and onshore that are used for crude petroleum comprises and natural gas extraction comprises.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Asphalt, Lubricating Oil And Grease Market Overview

• Asphalt, Lubricating Oil And Grease market size has reached to $342.67 billion in 2024 • Expected to grow to $451.86 billion in 2029 at a compound annual growth rate (CAGR) of 5.8% • Growth Driver: Transitioning To Environmentally Friendly Bio-Based Lubricants In The Petroleum Industry • Market Trend: Innovative Products Drive Growth In The Asphalt, Lubricating Oil, And Grease Market • North America was the largest region in 2024.

What Is Covered Under Asphalt, Lubricating Oil And Grease Market?

Asphalt is a sticky, black, and highly viscous liquid or semi-solid form of petroleum used for surfacing roads, flooring, and roofing. Lubricating oil and grease are a group of refined oils intended to lessen wear and friction between bearing metallic surfaces. The main types of asphalt, lubricating oil, and grease are asphalt and other petroleum products. Asphalt is a combination of aggregate particles, binder, and filler that is used to build and maintain roads, parking lots, railway tracks, ports, airport runways, bicycle lanes, sidewalks, and play- and sports areas. The various application of asphalt, lubricating oil and grease include roadways, waterproofing, recreation, and others. The various end-use industries include power generation, transport, metallurgy and metalworking, food, and beverage, chemical, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Refined Petroleum Products Market Overview

• Refined Petroleum Products market size has reached to $3015.6 billion in 2024 • Expected to grow to $3715.99 billion in 2029 at a compound annual growth rate (CAGR) of 4.4% • Growth Driver: Carbon Capture And Storage (CCS) In Refineries • Market Trend: Innovating For Sustainability In The Refined Petroleum Products Market • Asia-Pacific was the largest region in 2024.

What Is Covered Under Refined Petroleum Products Market?

The refined petroleum products are derived by refining petroleum. The refined petroleum products have different physical and chemical properties depending on the kind of crude oil and subsequent refining procedures. The main types of petroleum products are diesel, gasoline, fuel oil, kerosene, and other refined petroleum products. Gasoline is a petroleum-based fuel made from crude oil and other liquids. Gasoline is primarily used in vehicles as an engine fuel. The various fraction includes light distillates, middle distillates, heavy oils, and the different refinery type are integrated refined petroleum product and non-integrated refined petroleum product. The applications of refined petroleum products are fuel, chemicals, and others.