Hydrocarbons & Petroleum Products · Direct
Monitoring · monthlyProcurement Category Intelligence
Crude Oil - Dubai/Oman
Overview
Market size
$285.0B
global, USD
CAGR
3.2%
base to forecast
Buyer power
-1.4
supplier-favoured
Suppliers
3
tracked players
Signals
12
6 high severity
Market outlook
2031$333.6B
What changed
Demand by region
Asia Pacific demand75%
Middle East & Africa demand15%
Europe demand5%
North America demand3%
Rest of world demand2%
share of global demandtotal 100%
Cost drivers
Upstream extraction and production costs45%
Government royalties and taxes25%
Maritime logistics and transportation15%
Refining and processing adjustments10%
Exchange transaction and administrative fees5%
share of delivered cost (analyst estimate)