Report Update: Jun 1, 2024

World - Crude Oil and Processed Petroleum - Market Analysis, Forecast, Size, Trends And Insights

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Oil Markets Live

Oil markets are constantly changing and highly volatile, driven by a myriad of factors including supply and demand dynamics, geopolitical tensions, economic trends, weather patterns, and governmental policies. Understanding and analyzing these markets in real-time is crucial for businesses, investors, and policymakers alike.

Live oil market data provides up-to-the-minute information on various aspects of the oil industry, such as crude oil prices, supply and demand figures, inventories, refinery activities, and geopolitical events that impact oil prices.

Crude oil prices are perhaps the most closely watched indicator in the oil markets. Live data on oil prices is available for different types of crude oil, namely Brent crude and West Texas Intermediate (WTI) crude. Brent crude oil is considered the global benchmark, reflecting the prices at which international oil trades, while WTI crude oil represents the prices at which domestically produced oil is traded in the United States. Real-time oil price data allows traders, investors, and analysts to monitor price movements and identify patterns or trends.

Oil market data also includes information on supply and demand dynamics. This includes live updates on oil production rates, export and import figures, refinery throughput, and consumption patterns. For instance, changes in oil production levels by major oil-producing countries like the Organization of the Petroleum Exporting Countries (OPEC) can significantly impact oil prices. Additionally, data on oil inventories, both at the national and global level, help gauge the balance between supply and demand. Higher inventories generally indicate a surplus and can put downward pressure on oil prices, while lower inventories suggest tighter market conditions and can lead to price increases.

Geopolitical events and factors also play a major role in oil market dynamics. Live oil market data provides updates on geopolitical events that could affect oil production, transportation, or demand. For example, political instability or conflicts in major oil-producing regions can disrupt the supply of oil, leading to price volatility. Geopolitical tensions in the Middle East, such as conflicts in Iraq or Iran, often lead to a spike in oil prices due to concerns about potential supply disruptions.

Economic trends and indicators are closely intertwined with oil markets. Live data on economic indicators, such as GDP growth, unemployment rates, or consumer spending, can help assess the health of the global economy and its impact on oil demand. For instance, during times of strong economic growth, oil demand tends to increase, as industries and consumers require more energy for production and transportation. Conversely, economic downturns can lead to lower oil demand and, consequently, lower oil prices. Real-time oil market data provides insights into how economic developments can influence the oil industry.

Weather patterns, particularly in regions prone to severe weather events, can have a significant impact on oil markets. Hurricanes, typhoons, or extreme cold weather can disrupt oil production, transportation, and refining activities. Live oil market data tracks weather conditions and provides information on potential disruptions, allowing market participants to assess potential supply constraints and price impacts.

Governmental policies and regulations can have substantial effects on oil markets. For example, decisions by oil-producing countries to increase or decrease production levels, as well as changes in taxation or regulatory regimes, can influence oil prices. Live oil market data provides information on such policy developments, enabling market participants to evaluate their potential impact on supply and demand dynamics.

In summary, live oil market data offers real-time insights into the constantly changing and complex oil industry. It helps market participants monitor oil prices, supply and demand dynamics, geopolitical events, economic trends, weather patterns, and governmental policies. By staying informed and analyzing this data, businesses, investors, and policymakers can make more informed decisions and navigate the volatile oil markets effectively.

This report provides an in-depth analysis of the global market for crude oil and processed petroleum. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023