Oil & Gas in United Arab Emirates
SummaryOil & Gas in United Arab Emirates industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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 Emirati oil & gas market recorded revenues of $59.7 billion in 2023, representing a compound annual growth rate (CAGR) of 2.1% between 2018 and 2023.
- Market consumption volumes declined with a negative CAGR of 0.1% between 2018 and 2023, to reach a total of 655.9 million BoE in 2023.
- The United Arab Emirates (UAE) is the seventh-largest total liquid fuel producer in the world and the third-largest in the Organization of Petroleum Exporting Countries (OPEC). On June 4, 2023, OPEC+ announced that the group would extend crude oil production quotas for participating member countries to the end of 2024. The UAE's current quota increased by 200,000 barrels per day, bringing its 2024 crude oil output quota to 3.22 million barrels.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in United Arab Emirates
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in United Arab Emirates
- 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 United Arab Emirates oil & gas market with five year forecasts by both value and volume
Reasons To Buy
- What was the size of the United Arab Emirates oil & gas market by value in 2023?
- What will be the size of the United Arab Emirates oil & gas market in 2028?
- What factors are affecting the strength of competition in the United Arab Emirates oil & gas market?
- How has the market performed over the last five years?
- Who are the top competitors in United Arab Emirates' oil & gas market?
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