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

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Top Crude Oil Producing Countries

Crude oil, also known as petroleum, is a vital resource that fuels various industries and powers economies around the world. Several countries are major players in crude oil production, with some dominating the global market. Here are the top crude oil producing countries:

1. United States

The United States is the largest crude oil producer in the world. Its production levels have significantly increased in recent years due to advancements in drilling technologies, particularly hydraulic fracturing or fracking. The country's vast shale oil reserves, especially in Texas and North Dakota, have catapulted its production to record-breaking levels.

2. Saudi Arabia

Saudi Arabia has long been a key player in the global oil market. It has the world's largest proven oil reserves and is the de facto leader of the Organization of the Petroleum Exporting Countries (OPEC). The country's state-owned company, Saudi Aramco, is one of the largest oil producers globally. Saudi Arabia has traditionally had a significant influence on global oil prices due to its production levels and OPEC negotiations.

3. Russia

Russia is a major force in crude oil production, with vast reserves of both conventional and unconventional oil. The country's oil industry is dominated by state-owned companies such as Rosneft and Lukoil. Russia's oil production has been consistently high, and it has often competed with Saudi Arabia for the title of the world's largest crude oil producer.

4. Canada

Canada possesses significant oil reserves, particularly in the oil sands of Alberta. The country's oil production primarily relies on extracting bitumen from these oil sands. Canada is a major exporter of crude oil, with its largest customer being the United States. However, transporting oil from the landlocked oil sands to international markets remains a significant challenge.

5. China

China has experienced rapid industrialization and urbanization, driving its huge energy consumption. As a result, China has become a major crude oil producer. The country's production mainly comes from its vast oil fields in the northeast, although it also relies on imported oil to meet its overwhelming demand.

6. Iraq

Iraq is one of the world's top crude oil producers, with abundant reserves concentrated in its southern region. Despite political and security challenges, Iraq has managed to increase its oil production significantly in recent years. The country primarily exports its oil through its southern Basra terminals.

7. Iran

Iran possesses substantial oil reserves, and it was once the world's second-largest exporter of crude oil. However, international sanctions have severely impacted Iran's oil production and export capabilities. With the easing of sanctions in recent years, Iran aims to regain its position in the global oil market.

8. United Arab Emirates

The United Arab Emirates (UAE) has emerged as a key player in the global oil market. It is one of the top producers in OPEC and possesses significant oil reserves. The UAE's state-owned company, Abu Dhabi National Oil Company (ADNOC), is responsible for the majority of the country's oil production.

9. Kuwait

Kuwait is a prominent oil producer and also a member of OPEC. The country's oil industry is controlled by the state-owned Kuwait Petroleum Corporation. Kuwait has significant oil reserves and aims to increase its production capacity in the coming years.

10. Brazil

Brazil has made significant strides in offshore oil exploration, particularly in the pre-salt fields off its coast. The country's state-owned company, Petrobras, leads its oil production efforts. Brazil's oil production has been steadily increasing, and it has the potential to become a major oil exporter in the future.

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