Oil & Gas in Middle East
SummaryOil & Gas in Middle East industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country. The value of the oil segment reflects the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the average retail price of gasoline and diesel taken together. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the retail price of natural gas.
- The Middle Eastern oil & gas market recorded revenues of $218 billion in 2023, representing a compound annual growth rate (CAGR) of 0.7% between 2018 and 2023.
- Market consumption volumes declined with a negative CAGR of 1.1% between 2018 and 2023, to reach a total of 3,007 million BoE in 2023.
- The contraction in the oil & gas market in recent years can be attributed to the growing sales of electric vehicles. According to MarketLine, the Middle Eastern hybrid and electric cars market stood at $4.3 billion in 2023, an increase of 9.9% from the previous year.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the oil & gas market in Middle East
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Middle East
- Leading company profiles reveal details of key oil & gas market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Middle East oil & gas market with five year forecasts
Reasons To Buy
- What was the size of the Middle East oil & gas market by value in 2023?
- What will be the size of the Middle East oil & gas market in 2028?
- What factors are affecting the strength of competition in the Middle East oil & gas market?
- How has the market performed over the last five years?
-
MarketLine, a world-leading provider of commercial intelligence, has over 400 experienced analysts, consultants, and researchers with regional and sector expertise in market sizing, competitor tracking, socio and macro economics, and business drivers.
For more than 15 years MarketLine has supported the research needs of investment banks, corporations, professional services firms, and academia with a unique mix of company, industry, country, city and financial data for every major industry and marketplace.
MarketLine’ holistic business intelligence report collection includes:
Industry Intelligence
‒ Industry Profiles
‒ Market Forecasts
‒ Porter’s Five Forces Analysis
Company Intelligence
‒ Company Profiles
‒ SWOT Analysis
‒ Financial Deals
Country and City Intelligence
‒ Country and City Profiles
‒ PEST/PESTLE Analysis
‒ Socio and macro-economic indicators
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.