Hydrocarbons & Petroleum Products · Direct
Monitoring · monthlyProcurement Category Intelligence
Crude Oil - Brent
Overview
Market size
$2.9B
global, USD
CAGR
1.6%
base to forecast
Buyer power
0.0
buyer-favoured
Suppliers
7
tracked players
Signals
12
8 high severity
Market outlook
2031$3.1B
What changed
Demand by region
Asia Pacific demand38%
North America demand24%
Europe demand16%
Middle East & Africa demand12%
Rest of world demand10%
share of global demandtotal 100%
Cost drivers
Upstream Extraction and Production45%
Geopolitical and Maritime Risk Premium20%
Logistics, Shipping and Midstream Freight15%
Government Royalties and Fiscal Taxes12%
Refining and Quality Adjustment Levies8%
share of delivered cost (analyst estimate)