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

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Natural Gas and Crude Oil Prices

Natural gas and crude oil are both important sources of energy and play significant roles in the global economy. Understanding their prices is essential for various industries, including energy sector companies, investors, and governments.

Crude oil, also known as petroleum, is a fossil fuel derived from ancient organic materials. It is the raw material for various products, including gasoline, diesel fuel, heating oil, and plastics. Natural gas is a gaseous fossil fuel primarily composed of methane and is utilized for heating, electricity generation, and industrial processes.

The prices of natural gas and crude oil are influenced by numerous factors, including supply and demand dynamics, geopolitical issues, weather patterns, and global economic conditions.

Natural Gas Prices

Natural gas prices are determined by various factors, both long-term and short-term. The abundance of natural gas reserves, production trends, storage levels, weather patterns, and geopolitical events impact natural gas prices.

One of the primary factors influencing natural gas prices is supply and demand dynamics. When demand exceeds supply, prices tend to increase, and vice versa. The demand for natural gas is influenced by weather conditions, as it is heavily used for heating and cooling purposes.

Weather patterns have a significant impact on natural gas prices, particularly during the winter season when demand for heating increases substantially. Cold weather can cause a spike in natural gas demand, leading to higher prices.

Another crucial factor is storage levels. Natural gas is often stored during periods of low demand and withdrawn during high-demand periods. When storage levels are low, prices tend to increase as the market anticipates potential shortages.

Geopolitical issues can also affect natural gas prices. Conflicts or disruptions in major natural gas-producing regions can lead to supply disruptions, causing prices to rise. Economic and political factors in major consuming nations also influence prices.

Crude Oil Prices

Crude oil prices are influenced by a wide range of factors, some of which are similar to those affecting natural gas prices. Supply and demand dynamics, geopolitical events, weather patterns, and global economic conditions play significant roles in determining crude oil prices.

Global oil production levels and inventories impact oil prices. When production exceeds demand, oil inventories tend to increase, putting downward pressure on prices. However, if production declines or disruptions occur, oil prices may surge.

Geopolitical factors can have a substantial impact on crude oil prices. Conflicts in major oil-producing regions or the threat of supply disruptions can lead to increased prices. Political stability in major oil-producing nations also affects market sentiment and prices.

Weather patterns, particularly in regions prone to natural disasters like hurricanes, can impact crude oil prices. Disruptions to oil production facilities due to extreme weather events can result in production losses and temporarily increase prices.

Global economic conditions also influence crude oil prices. When economies are growing, demand for oil tends to increase, driving prices higher. Conversely, during economic downturns, reduced demand can lead to lower prices.

Commodity markets, such as the New York Mercantile Exchange (NYMEX) and the Intercontinental Exchange (ICE), provide trading platforms for natural gas and crude oil futures contracts. These futures contracts allow buyers and sellers to hedge against price volatility and speculate on future price movements.

In conclusion, natural gas and crude oil prices are influenced by a multitude of factors, including supply and demand dynamics, geopolitical events, weather patterns, and global economic conditions. Understanding these factors and monitoring market trends is essential for energy industry stakeholders to plan for future scenarios and make informed decisions.

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