Hydrocarbons & Petroleum Products · Direct
Monitoring · monthlyProcurement Category Intelligence
Crude Oil - WTI
Overview
Market size
$2,500
global, USD
CAGR
3.2%
base to forecast
Buyer power
-2.3
supplier-favoured
Suppliers
6
tracked players
Signals
12
4 high severity
Market outlook
2031$2926
What changed
Demand by region
North America demand24%
Asia Pacific demand36%
Europe demand15%
Middle East & Africa demand10%
Rest of world demand15%
share of global demandtotal 100%
Cost drivers
Upstream Extraction and Drilling Capital45%
Lease Operating Expenses and Feedstock Field Handling20%
Midstream Gathering and Pipeline Transportation to Cushing15%
Regional Logistics and Distortion Premiums12%
Regulatory Compliance and Methane Certification8%
share of delivered cost (analyst estimate)