ASIA PACIFIC CRUDE OIL MARKET FORECAST 2018-2026

ASIA PACIFIC CRUDE OIL MARKET FORECAST 2018-2026

  • June 2018 •
  • 75 pages •
  • Report ID: 5446187 •
  • Format: PDF
KEY FINDINGS
The Asia-Pacific crude oil market is anticipated to register the highest CAGR of 3.76% in the global market over the forecast period of 2018-2026. By type, the light crude oil accounts for the largest share.

MARKET INSIGHTS
The emerging economies of APAC such as Indonesia, China, Japan and India are offering lucrative growth opportunities for the global market players.Also, the growing demand for fertilizers and petrochemicals in the agriculture sector in these regions is likely to drive the market growth in the near future.

However, there is a possibility that these markets may be affected by the volatility in crude oil prices or seasonal changes, which could waver the demand and supply of crude oil.

COMPETITIVE INSIGHTS
The Asia-Pacific crude oil market is blessed with the presence of eminent market players like Oil And Natural Gas Corporation Limited (ONGC), Cairn India, Saudi Aramco, Sinopec Or China Petroleum, National Iranian Oil Corporation (NIOC), Kuwait Petroleum Corporation, Marathon Petroleum Corporation, Lukoil, Royal Dutch Shell and Gazprom.