Single User License: Crude Oil market - Global Industry Analysis, USD 4315.5 Flat 10% Discount!! Size, Share, Trends, Analysis, Growth and Free Customization as per your requirement Forecast 2016 - 2024 You will get Custom Report at Syndicated Report Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] price Report will be delivered with in 15-20 working days Request Sample Buy Now REPORT DESCRIPTION Global Crude Oil Market: Description Crude oil is a naturally occurring hydrocarbon found in geological formations beneath the earth’s crust. Crude oil in both its unprocessed and refined states is broadly classified as petroleum. Petroleum satisfies a majority of the global energy demand. The demand for crude oil is directly proportional to the growth of global energy demand and a multitude of other macroeconomic factors ranging from disposable income to a rate of urbanization. Crude oil is further processed in refineries for making a large number of consumer products such as gasoline, kerosene, plastics and chemicals among others. The overall demand drivers for crude oil can be sub-divided into the individual demand growth of crude oil end use areas. One of the major uses of crude oil is for the manufacturing of gasoline. Countries such as the U.S. utilize nearly 45% of their entire oil requirement for making gasoline and fuelling their ever growing transportation sector. This trend is now being replicated most by the emerging economies of South America and Asia-Pacific. Browse Report with Full TOC at : http://www.transparencymarketresearch.com/global-crude-oil-market.html Global Crude Oil Market: Drivers and Restraints Growing disposable income and reducing costs of automobiles have increased gasoline demand manifold in these regions. The growing medium and heavy duty vehicle market are also increasing the consumption of diesel in the aforementioned countries. Until a cost effective transition to cleaner fuels is achieved, the global transportation sector will continue to increase the demand for crude oil. Other transportation sector applications involve its use as a bunker fuel for the marine transport sector and as jet fuel for the aviation sector. With increasing demand of petrochemical products, the growing demand for crude oil is inevitable. Detergents, plastics, synthetic rubber and synthetic fibers are some of the major end use segments of crude oil. Growing demand in the fertilizer and pesticide market is also stimulating the demand for crude oil to a large extent. Crude oil can be measured in terms of sulfur content as sweet and sour. Sweet crude has a lower sulfur content which progressively increases in sour crude. Crude oil can also be segmented on the basis of API gravity as light and heavy. Crude oils with higher API gravity are lighter and vice versa. The crude oil market can be segmented on the basis of type as Brent Blend, Russian Export Blend and West Texas Intermediate (WTI) among others. Brent Blend crude oil is used for pricing nearly 60% of the global crude oil traded. These segments are used for determining the price of crude being traded on a daily basis. Global Crude Oil Market: Geographical Dynamics In terms of crude oil production the Middle East is the market leader with Saudi Arabia producing the most crude. The Europe and Eurasian region closely follows with the Russian Federation as one of the major contributors. In terms of crude consumption the Asia-Pacific is leading with China at the forefront, accounting for nearly 12% of the global crude consumption in 2013. Other major consumers in Asia-Pacific include South Korea, Japan and India. The U.S is the largest consumer of crude oil as a single country, accounting for nearly 20% of the global crude consumption in 2013. The AsiaPacific and South & Central American regions have shown the highest growth in crude consumption from 2008 in 2012. Moderate increase in consumption levels has been observed in the Middle East and African region while Europe has shown a decreasing consumption trend. North Americas demand for crude since 2008 has remained nearly constant. Some of the major crude oil producers in the world include Saudi Aramco, Gazprom, Exxon Mobil, Rosneft, Royal Dutch Shell, Chevron and Total among others. The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications. About Us Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources along with various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information which is indispensable for businesses to sustain their competitive edge. 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Global Crude Oil Market: Description Crude oil is a naturally occurring hydrocarbon found in geological formations beneath the earth’s crust. Crude oil in both its unprocessed and refined states is broadly classified as petroleum. Petroleum satisfies a majority of the global energy demand. The demand for crude oil is directly proportional to the growth of global energy demand and a multitude of other macroeconomic factors ranging from disposable income to a rate of urbanization. Crude oil is further processed in refineries for making a large number of consumer products such as gasoline, kerosene, plastics and chemicals among others. The overall demand drivers for crude oil can be sub-divided into the individual demand growth of crude oil end use areas. One of the major uses of crude oil is for the manufacturing of gasoline. Countries such as the U.S. utilize nearly 45% of their entire oil requirement for making gasoline and fuelling their ever growing transportation sector. This trend is now being replicated most by the emerging economies of South America and Asia-Pacific. Interpret a Competitive outlook Analysis Report with PDF Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12353
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