Conventional Oil Market - Forecast(2024 - 2030)

Report Code: EPR 0085 Report Format: PDF + Excel

Conventional Oil Market Overview:

The Conventional Oil Market size is estimated to reach $2686000 Million by 2030, growing at a CAGR of 4% during the forecast period 2023-2030. As of my last update in September 2021, the conventional oil market was experiencing a gradual recovery from the severe impact of the COVID-19 pandemic. With vaccination efforts underway in many countries, economic activities were resuming, leading to an increase in oil demand. Major oil-producing nations, including OPEC and its allies, had been implementing production cuts to stabilize prices and prevent oversupply. However, the market remained sensitive to geopolitical tensions, particularly in the Middle East, which could disrupt supplies. Additionally, the growing awareness and efforts to combat climate change were putting pressure on oil companies to transition towards cleaner energy sources, impacting investment decisions in conventional oil exploration and production.
The conventional oil market continued to face uncertainties and challenges due to the interplay of global economic recovery, geopolitical developments, and the accelerating energy transition. For the most current information, it is essential to refer to the latest market reports and news sources.

Market Snapshot:

Conventional Oil Market   - Report Coverage:

The “Conventional Oil Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Motion Sickness Treatment Market.
              Attribute                      Segment

By Type

  • Light Distillate

  • Middle Distillate

  • Heavy Ends

By End User Industry

  • Automotive

  • Chemical

  • Power

  • Industrial

By Sulphur Content

  • Low Sulphur

  • High Sulphur

 

 

 

By Geography

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

  • Rest of the World (Middle East and Africa).



Conventional Oil Market- Top Trends: 

Global Economic Recovery: The demand for conventional oil was closely tied to global economic growth. As economies rebounded from the COVID-19 pandemic, the demand for oil increased, leading to higher prices and increased exploration and production activities.

Energy Transition and Renewable Push: The shift towards renewable energy sources and sustainability initiatives put pressure on the conventional oil industry. Governments and companies around the world were increasingly investing in renewable energy projects and implementing policies to reduce carbon emissions, potentially leading to a long-term decline in oil demand.

Volatility in Oil Prices: Geopolitical tensions, natural disasters, and global economic fluctuations continued to cause volatility in oil prices. This volatility impacted investment decisions and influenced supply and demand dynamics.

Digitalization and Technological Advancements: The oil industry was incorporating digital technologies to optimize exploration, production, and refining processes. Data analytics, artificial intelligence, and the Internet of Things (IoT) were increasingly being used to enhance operational efficiency and reduce costs.

Geopolitical Developments: Political and geopolitical events continued to have a significant impact on the conventional oil market. Conflicts in oil-producing regions, changes in trade policies, and sanctions affected oil prices and supply dynamics.

Conventional Oil Market- Company Product Analysis

ExxonMobil: ExxonMobil, one of the largest oil companies globally, had a diverse product portfolio. It was involved in upstream exploration and production, including offshore and onshore drilling, as well as downstream refining and marketing. The company offered a wide range of petroleum products, including gasoline, diesel, jet fuel, lubricants, and petrochemicals.

Royal Dutch Shell: Shell, another global energy giant, was engaged in exploration, production, refining, and distribution of oil and gas products. Its product lineup included gasoline, diesel, aviation fuel, marine fuel, and various petrochemicals used in manufacturing and industrial applications.

Chevron Corporation: Chevron focused on upstream exploration and production activities, with interests in multiple oil and gas fields worldwide. In addition to crude oil, Chevron offered a variety of refined petroleum products, such as gasoline, diesel, aviation fuels, and lubricants.

BP (British Petroleum): BP had a significant presence in both upstream and downstream segments of the oil industry. The company explored and produced oil from various reserves and refineries across the globe. BP's product range included gasoline, diesel, aviation fuel, lubricants, and various petrochemicals.

TotalEnergies: TotalEnergies, formerly known as Total, was a French multinational oil and gas company with a comprehensive product portfolio. It covered the entire value chain, from exploration and production to refining and marketing. TotalEnergies offered a wide range of petroleum products, including gasoline, diesel, aviation fuel, and specialty chemicals.

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Conventional Oil Market Market. The top 10 companies in this industry are listed below:
1. BP p.l.c.
2. Chevron Corporation
3. Eni
4. Exxon Mobil Corporation
5. Shell Plc. 
6. TotalEnergies SE
7. CNPC
8. EQUINOR ASA
9. PETROBRAS
10. Repsol
Scope of Report: 
Report MetricDetails

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

4%

Market Size in 2030

$2686000 Million

Segments Covered

By Type, SULPHUR CONTENT, End User Industry and Region


Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).



Key Market Players

1.      BP p.l.c.

2.      Chevron Corporation

3.      Eni

4.      Exxon Mobil Corporation

5.      Shell Plc.

6.      TotalEnergies SE

7.      CNPC

8.      EQUINOR ASA

9.      PETROBRAS

10.    Repsol


For more Energy And Power Market reports, please click here

1. Conventional Oil Market- Overview
    1.1. Definitions and Scope
2. Conventional Oil Market- Executive Summary
3. Conventional Oil Market- Comparative Analysis
    3.1. Company Benchmarking - Key Companies
    3.2. Global Financial Analysis - Key Companies
    3.3. Market Share Analysis - Key Companies
    3.4. Patent Analysis
    3.5. Pricing Analysis
4. Conventional Oil Market- Start-up Companies Scenario (Premium)
    4.1. Key Start-up Company Analysis by
    4.2. Investment
    4.3. Revenue
    4.4. Venture Capital and Funding Scenario
5. Conventional Oil Market– Market Entry Scenario Premium (Premium)
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
6. Conventional Oil Market- Forces
    6.1. Market Drivers
    6.2. Market Constraints
    6.3. Market Challenges
    6.4. Porter's Five Force Model
    6.5. Bargaining Power of Suppliers
    6.6. Bargaining Powers of Customers
    6.7. Threat of New Entrants
    6.8. Rivalry Among Existing Players
    6.9. Threat of Substitutes
7. Conventional Oil Market– Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Market Life Cycle
8. Conventional Oil Market– By Type (Market Size – $Million/$Billion) 
    8.1. Light Distillate
        8.1.1. Market Size and Forecast, By Region
        8.1.2. Market Share Analysis, By Country
    8.2. Middle Distillate
        8.2.1. Market Size and Forecast, By Region
        8.2.2. Market Share Analysis, By Country
    8.3. Heavy Ends
        8.3.1. Market Size and Forecast, By Region
        8.3.2. Market Share Analysis, By Country
9. Conventional Oil Market– By END-USER INDUSTRY  (Market Size – $Million/$Billion)
    9.1. Automotive
        9.1.1. Market Size and Forecast, By Region
        9.1.2. Market Share Analysis, By Country
    9.2. Chemical
        9.2.1. Market Size and Forecast, By Region
        9.2.2. Market Share Analysis, By Country
    9.3. Power
        9.3.1. Market Size and Forecast, By Region
        9.3.2. Market Share Analysis, By Country
    9.4. Industrial
        9.4.1. Market Size and Forecast, By Region
        9.4.2. Market Share Analysis, By Country
10. Conventional Oil Market– By SULPHUR CONTENT (Market Size – $Million/$Billion) 
    10.1. Low Sulphur
        10.1.1. Market Size and Forecast, By Region
        10.1.2. Market Share Analysis, By Country
    10.2. High Sulphur
        10.2.1. Market Size and Forecast, By Region
        10.2.2. Market Share Analysis, By Country
11. Conventional Oil Market– by Geography (Market Size – $Million/$Billion) 
    11.1. North America
        11.1.1. The U.S.
        11.1.2. Canada
        11.1.3. Mexico
    11.2. Europe
        11.2.1. UK
        11.2.2. Germany
        11.2.3. France
        11.2.4. Italy
        11.2.5. Spain
        11.2.6. Russia
        11.2.7. Rest of Europe
    11.3. Asia-Pacific
        11.3.1. China
        11.3.2. India
        11.3.3. Japan
        11.3.4. South Korea
        11.3.5. Australia & New Zealand
        11.3.6. Rest of Asia-Pacific
    11.4. South America
        11.4.1. Brazil
        11.4.2. Argentina
        11.4.3. Chile
        11.4.4. Colombia
        11.4.5. Rest of South America
    11.5. Rest of the World
        11.5.1. Middle East
        11.5.2. Africa
12. Conventional Oil Market– Entropy
13. Conventional Oil Market– Industry/Segment Competition Landscape Premium 
    13.1. Market Share Analysis
        13.1.1. Market Share by Product Type – Key Companies
        13.1.2. Market Share by Region – Key Companies
        13.1.3. Market Share by Country – Key Companies
    13.2. Competition Matrix
    13.3. Best Practices for Companies
14. Conventional Oil Market– Key Company List by Country Premium Premium 
15. Conventional Oil Market- Company Analysis
    15.1. BP p.l.c.
    15.2. Chevron Corporation
    15.3. Eni
    15.4. Exxon Mobil Corporation
    15.5. Shell Plc. 
    15.6. TotalEnergies SE
    15.7. CNPC
    15.8. EQUINOR ASA
    15.9. PETROBRAS
    15.10. Repsol 
    15.11. Saudi Aramco
    15.12. ConocoPhillips
    15.13. PetroChina 
    15.14. Gazprom 
    15.15. Valvoline
    15.16. Wurth Group
    15.17. Castrol
    15.18. Amsoil Inc.
    15.19. Petronas
    15.20. Reckitt Benckiser Group plc
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The Motion Sickness Treatment is forecast to grow at 4% during the forecast period 2023-2030.

Global Conventional Oil Market size is estimated to reach $2686000 Million by 2023.

The leading players in the Conventional Oil Market are ExxonMobil, Royal Dutch Shell, Chevron Corporation, PetroChina, Saudi Aramco.