NORTH AMERICA CRUDE OIL MARKET FORECAST 2018-2026
KEY FINDINGS
The North American crude oil market accounted for $xx million in 2017. Over the forecast period of 2018-2026, the market is likely to experience a CAGR of 3.14%.
MARKET INSIGHTS
Presently, the US has captured a major share of this market. The country has witnessed a rising production of crude oil due to technological advancements such as high volume hydraulic fracturing and horizontal drilling. Also, initiatives and investments by private organizations in the country are boosting the market expansion. On the same line, the Canada crude oil market is being driven by the rising crude oil exports to foreign countries and the expanding growth in the country’s Aviation sector.
COMPETITIVE INSIGHTS
Some of the well-known companies engaged in crude oil manufacturing include Pemex (Petróleos Mexicanos), Exxon Mobil Corporation, Bp Global, Marathon Petroleum Corporation, Royal Dutch Shell, Total Sa, Lukoil, Oil And Natural Gas Corporation Limited (ONGC), and Chevron Corporation.
The North American crude oil market accounted for $xx million in 2017. Over the forecast period of 2018-2026, the market is likely to experience a CAGR of 3.14%.
MARKET INSIGHTS
Presently, the US has captured a major share of this market. The country has witnessed a rising production of crude oil due to technological advancements such as high volume hydraulic fracturing and horizontal drilling. Also, initiatives and investments by private organizations in the country are boosting the market expansion. On the same line, the Canada crude oil market is being driven by the rising crude oil exports to foreign countries and the expanding growth in the country’s Aviation sector.
COMPETITIVE INSIGHTS
Some of the well-known companies engaged in crude oil manufacturing include Pemex (Petróleos Mexicanos), Exxon Mobil Corporation, Bp Global, Marathon Petroleum Corporation, Royal Dutch Shell, Total Sa, Lukoil, Oil And Natural Gas Corporation Limited (ONGC), and Chevron Corporation.
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP-DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. GASOLINE HELD THE LARGEST MARKET SHARE OF APPLICATION SEGMENT
3.2.2. LIGHT CRUDE OIL ACCOUNTED FOR LARGEST SHARE OF THE TYPE SEGMENT
3.2.3. LPG SEGMENT IS EXPECTED TO GROW AT A FAST PACE
3.2.4. INCREASED NUMBER OF ACTIVE OIL RIGS ACROSS SEVERAL GEOGRAPHIES
4. MARKET DYNAMICS
4.1. PARENT MARKET ANALYSIS: ENERGY MARKET
4.2. ETYMOLOGY OF CRUDE OIL
4.3. MARKET DEFINITION & SCOPE
4.4. DRIVERS
4.4.1. BOOMING TRANSPORTATION INDUSTRY
4.4.2. RISE IN EXPORT OF CRUDE OIL TO AID IN MARKET GROWTH
4.4.3. RISING DEMAND FOR PETROLEUM PRODUCTS
4.5. RESTRAINTS
4.5.1. VOLATILITY IN CRUDE OIL PRICES
4.5.2. SEASONAL CHANGES ADVERSELY AFFECT THE DEMAND AND SUPPLY OF CRUDE OIL
4.6. OPPORTUNITIES
4.6.1. GROWING DEMAND OF FERTILIZERS AND PETROCHEMICALS IN AGRICULTURE SECTOR
4.7. CHALLENGES
4.7.1. AVAILABILITY OF ALTERNATIVES SUCH AS NATURAL GAS, BIOFUELS, HYDRO-ENERGY, SOLAR, WIND
4.7.2. RISE IN THE TERRITORIAL AND REGIONAL DISPUTES AMONG DIFFERENT NATION
5. MARKET BY TYPE
5.1. HEAVY CRUDE OIL
5.2. LIGHT CRUDE OIL
6. MARKET BY APPLICATION
6.1. GASOLINE
6.2. DIESEL FUEL & HEATING OIL
6.3. JET FUEL
6.4. LPG
6.5. LIQUID ASPHALT
6.6. OTHER APPLICATION
7. KEY ANALYTICS
7.1. PORTER’S FIVE FORCE MODEL
7.1.1. THREAT OF NEW ENTRANTS
7.1.2. THREAT OF SUBSTITUTE
7.1.3. BARGAINING POWER OF SUPPLIERS
7.1.4. BARGAINING POWER OF BUYERS
7.1.5. THREAT OF COMPETITIVE RIVALRY
7.2. PRICING ANALYSIS
7.3. KEY BUYING CRITERIA
7.3.1. COST
7.3.2. MODE OF TRADE
7.3.3. GEOGRAPHICAL LOCATION
7.4. OPPORTUNITY MATRIX
7.5. VENDOR LANDSCAPE
7.6. VALUE CHAIN ANALYSIS
7.6.1. CHEMICAL PROCESSING
7.6.2. PRODUCERS
7.6.3. END-USERS
7.7. LEGAL, POLICY & REGULATORY FRAMEWORK
7.8. INVESTMENT ANALYSIS
7.8.1. BY APPLICATION
7.8.2. BY CRUDE OIL TYPE
8. GEOGRAPHICAL ANALYSIS
8.1. UNITED STATES
8.2. CANADA
9. COMPETITIVE LANDSCAPE
9.1. MARKET SHARE ANALYSIS
9.2. KEY COMPANY ANALYSIS
9.2.1. SAUDI ARAMCO
9.2.2. NATIONAL IRANIAN OIL COMPANY (NIOC)
9.2.3. SINOPEC OR CHINA PETROLEUM & CHEMICAL CORPORATION
9.2.4. GAZPROM
9.2.5. EXXON MOBIL CORPORATION
9.3. CORPORATE STRATEGIES
9.3.1. PARTNERSHIP & COLLABORATION
9.3.2. MERGER & ACQUISITION
9.3.3. BUSINESS EXPANSION
9.3.4. INVESTMENT
9.4. COMPANY PROFILES
9.4.1. BP NORTH AMERICA
9.4.2. CAIRN INDIA
9.4.3. CHEVRON CORPORATION
9.4.4. EXXON MOBIL CORPORATION
9.4.5. GAZPROM
9.4.6. KUWAIT PETROLEUM CORPORATION
9.4.7. LUKOIL
9.4.8. MARATHON PETROLEUM CORPORATION
9.4.9. NATIONAL IRANIAN OIL CORPORATION (NIOC)
9.4.10. OIL AND NATURAL GAS CORPORATION LIMITED (ONGC)
9.4.11. PEMEX (PETRÓLEOS MEXICANOS)
9.4.12. ROYAL DUTCH SHELL
9.4.13. SAUDI ARAMCO
9.4.14. SINOPEC OR CHINA PETROLEUM & CHEVRON CORPORATION
9.4.15. TOTAL SA
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP-DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. GASOLINE HELD THE LARGEST MARKET SHARE OF APPLICATION SEGMENT
3.2.2. LIGHT CRUDE OIL ACCOUNTED FOR LARGEST SHARE OF THE TYPE SEGMENT
3.2.3. LPG SEGMENT IS EXPECTED TO GROW AT A FAST PACE
3.2.4. INCREASED NUMBER OF ACTIVE OIL RIGS ACROSS SEVERAL GEOGRAPHIES
4. MARKET DYNAMICS
4.1. PARENT MARKET ANALYSIS: ENERGY MARKET
4.2. ETYMOLOGY OF CRUDE OIL
4.3. MARKET DEFINITION & SCOPE
4.4. DRIVERS
4.4.1. BOOMING TRANSPORTATION INDUSTRY
4.4.2. RISE IN EXPORT OF CRUDE OIL TO AID IN MARKET GROWTH
4.4.3. RISING DEMAND FOR PETROLEUM PRODUCTS
4.5. RESTRAINTS
4.5.1. VOLATILITY IN CRUDE OIL PRICES
4.5.2. SEASONAL CHANGES ADVERSELY AFFECT THE DEMAND AND SUPPLY OF CRUDE OIL
4.6. OPPORTUNITIES
4.6.1. GROWING DEMAND OF FERTILIZERS AND PETROCHEMICALS IN AGRICULTURE SECTOR
4.7. CHALLENGES
4.7.1. AVAILABILITY OF ALTERNATIVES SUCH AS NATURAL GAS, BIOFUELS, HYDRO-ENERGY, SOLAR, WIND
4.7.2. RISE IN THE TERRITORIAL AND REGIONAL DISPUTES AMONG DIFFERENT NATION
5. MARKET BY TYPE
5.1. HEAVY CRUDE OIL
5.2. LIGHT CRUDE OIL
6. MARKET BY APPLICATION
6.1. GASOLINE
6.2. DIESEL FUEL & HEATING OIL
6.3. JET FUEL
6.4. LPG
6.5. LIQUID ASPHALT
6.6. OTHER APPLICATION
7. KEY ANALYTICS
7.1. PORTER’S FIVE FORCE MODEL
7.1.1. THREAT OF NEW ENTRANTS
7.1.2. THREAT OF SUBSTITUTE
7.1.3. BARGAINING POWER OF SUPPLIERS
7.1.4. BARGAINING POWER OF BUYERS
7.1.5. THREAT OF COMPETITIVE RIVALRY
7.2. PRICING ANALYSIS
7.3. KEY BUYING CRITERIA
7.3.1. COST
7.3.2. MODE OF TRADE
7.3.3. GEOGRAPHICAL LOCATION
7.4. OPPORTUNITY MATRIX
7.5. VENDOR LANDSCAPE
7.6. VALUE CHAIN ANALYSIS
7.6.1. CHEMICAL PROCESSING
7.6.2. PRODUCERS
7.6.3. END-USERS
7.7. LEGAL, POLICY & REGULATORY FRAMEWORK
7.8. INVESTMENT ANALYSIS
7.8.1. BY APPLICATION
7.8.2. BY CRUDE OIL TYPE
8. GEOGRAPHICAL ANALYSIS
8.1. UNITED STATES
8.2. CANADA
9. COMPETITIVE LANDSCAPE
9.1. MARKET SHARE ANALYSIS
9.2. KEY COMPANY ANALYSIS
9.2.1. SAUDI ARAMCO
9.2.2. NATIONAL IRANIAN OIL COMPANY (NIOC)
9.2.3. SINOPEC OR CHINA PETROLEUM & CHEMICAL CORPORATION
9.2.4. GAZPROM
9.2.5. EXXON MOBIL CORPORATION
9.3. CORPORATE STRATEGIES
9.3.1. PARTNERSHIP & COLLABORATION
9.3.2. MERGER & ACQUISITION
9.3.3. BUSINESS EXPANSION
9.3.4. INVESTMENT
9.4. COMPANY PROFILES
9.4.1. BP NORTH AMERICA
9.4.2. CAIRN INDIA
9.4.3. CHEVRON CORPORATION
9.4.4. EXXON MOBIL CORPORATION
9.4.5. GAZPROM
9.4.6. KUWAIT PETROLEUM CORPORATION
9.4.7. LUKOIL
9.4.8. MARATHON PETROLEUM CORPORATION
9.4.9. NATIONAL IRANIAN OIL CORPORATION (NIOC)
9.4.10. OIL AND NATURAL GAS CORPORATION LIMITED (ONGC)
9.4.11. PEMEX (PETRÓLEOS MEXICANOS)
9.4.12. ROYAL DUTCH SHELL
9.4.13. SAUDI ARAMCO
9.4.14. SINOPEC OR CHINA PETROLEUM & CHEVRON CORPORATION
9.4.15. TOTAL SA
LIST OF TABLES
Table 1: NORTH AMERICA CRUDE OIL MARKET, BY COUNTRY, 2018-2026 (IN $ BILLION)
Table 2: PETROLEUM PRODUCTS DEMAND OUTLOOK IN 2016, BY KEY GEOGRAPHIES (1000 B/D)
Table 3: GASOLINE DEMAND FLUCTUATION IN UNITED STATES FOR DIFFERENT MONTHS OF THE YEAR 2017 (MILLION BARRELS/DAY)
Table 4: WORLD SUPPLY OF AMMONIA, POTASH AND PHOSPHORIC ACID IN 2015-2020
Table 5: NORTH AMERICA CRUDE OIL MARKET, BY TYPE, 2018-2026, (IN $ BILLION)
Table 6: PRODUCTION CAPACITY ANALYSIS, BY TYPE, 2015-2017 (BILLION BARRELS/DAY)
Table 7: CONSUMPTION CAPACITY ANALYSIS, BY TYPE, 2015-2017 (BILLION BARRELS/DAY)
Table 8: NORTH AMERICA CRUDE OIL MARKET, BY APPLICATION, 2018-2026, (IN $ BILLION)
Table 9: PRODUCTION CAPACITY ANALYSIS, BY APPLICATION, 2015-2017 (BILLION BARRELS/DAY)
Table 10: CONSUMPTION CAPACITY ANALYSIS, BY APPLICATION, 2015-2017 (BILLION BARRELS/DAY)
Table 11: OPPORTUNITY MATRIX
Table 12: VENDOR LANDSCAPE
Table 13: LEGAL, POLICY & REGULATORY FRAMEWORK
Table 14: NORTH AMERICA CRUDE OIL MARKET, BY COUNTRY, 2018-2026 (IN $ BILLION)
Table 15: PRODUCTION CAPACITY ANALYSIS IN NORTH AMERICA, 2015-2017 (BILLION BARRELS/DAY)
Table 16: CONSUMPTION CAPACITY ANALYSIS IN NORTH AMERICA, 2015-2017 (BILLION BARRELS/DAY)
Table 17: LIST OF PRODUCT PARTNERSHIP & COLLABORATION
Table 18: LIST OF PRODUCT MERGER & ACQUISITION
Table 19: LIST OF BUSINESS EXPANSION
Table 20: LIST OF INVESTMENT
Table 1: NORTH AMERICA CRUDE OIL MARKET, BY COUNTRY, 2018-2026 (IN $ BILLION)
Table 2: PETROLEUM PRODUCTS DEMAND OUTLOOK IN 2016, BY KEY GEOGRAPHIES (1000 B/D)
Table 3: GASOLINE DEMAND FLUCTUATION IN UNITED STATES FOR DIFFERENT MONTHS OF THE YEAR 2017 (MILLION BARRELS/DAY)
Table 4: WORLD SUPPLY OF AMMONIA, POTASH AND PHOSPHORIC ACID IN 2015-2020
Table 5: NORTH AMERICA CRUDE OIL MARKET, BY TYPE, 2018-2026, (IN $ BILLION)
Table 6: PRODUCTION CAPACITY ANALYSIS, BY TYPE, 2015-2017 (BILLION BARRELS/DAY)
Table 7: CONSUMPTION CAPACITY ANALYSIS, BY TYPE, 2015-2017 (BILLION BARRELS/DAY)
Table 8: NORTH AMERICA CRUDE OIL MARKET, BY APPLICATION, 2018-2026, (IN $ BILLION)
Table 9: PRODUCTION CAPACITY ANALYSIS, BY APPLICATION, 2015-2017 (BILLION BARRELS/DAY)
Table 10: CONSUMPTION CAPACITY ANALYSIS, BY APPLICATION, 2015-2017 (BILLION BARRELS/DAY)
Table 11: OPPORTUNITY MATRIX
Table 12: VENDOR LANDSCAPE
Table 13: LEGAL, POLICY & REGULATORY FRAMEWORK
Table 14: NORTH AMERICA CRUDE OIL MARKET, BY COUNTRY, 2018-2026 (IN $ BILLION)
Table 15: PRODUCTION CAPACITY ANALYSIS IN NORTH AMERICA, 2015-2017 (BILLION BARRELS/DAY)
Table 16: CONSUMPTION CAPACITY ANALYSIS IN NORTH AMERICA, 2015-2017 (BILLION BARRELS/DAY)
Table 17: LIST OF PRODUCT PARTNERSHIP & COLLABORATION
Table 18: LIST OF PRODUCT MERGER & ACQUISITION
Table 19: LIST OF BUSINESS EXPANSION
Table 20: LIST OF INVESTMENT
LIST OF FIGURES
Figure 1: NORTH AMERICA CRUDE OIL MARKET, BY TYPE, 2017 & 2026 (IN %)
Figure 2: REGION WISE ACTIVE OIL RIGS, 2015 & 2016 (IN %)
Figure 3: TIMELINE OF CRUDE OIL
Figure 4: RISE IN THE COMMERCIAL VEHICLE SALES, 2005-2017 (IN MILLION UNITS)
Figure 5: TOTAL PASSENGER CARS SALES, 2005-2017 (IN MILLION UNITS)
Figure 6: PASSENGER CARS WITH FUEL TYPES (Q1-2018)
Figure 7: TOTAL SALES OF MOTOR VEHICLE, 2005-2017 (IN MILLION UNITS)
Figure 8: EXPORTS OF CRUDE OIL IN KEY GEOGRAPHIES, 2010-2016 (1000 B/D)
Figure 9: WORLDWIDE EXPORTS OF CRUDE OIL IN, 2010-2016 (1000 B/D)
Figure 10: CONSUMPTION OF DIFFERENT SOURCES OF ENERGY/FUELS BY TRANSPORTATION IN UNITED STATES, 2016 (IN %)
Figure 11: FLUCTUATIONS IN CRUDE OIL PRICES, 2000-2016, ($ PER BARREL)
Figure 12: NORTH AMERICA CRUDE OIL MARKET, BY HEAVY CRUDE OIL, 2018-2026 (IN $ BILLION)
Figure 13: NORTH AMERICA CRUDE OIL MARKET, BY LIGHT CRUDE OIL, 2018-2026 (IN $ BILLION)
Figure 14: NORTH AMERICA CRUDE OIL MARKET, BY GASOLINE, 2018-2026 (IN $ BILLION)
Figure 15: NORTH AMERICA CRUDE OIL MARKET, BY DIESEL FUEL & HEATING OIL, 2018-2026 (IN $ BILLION)
Figure 16: NORTH AMERICA CRUDE OIL MARKET, BY JET FUEL, 2018-2026 (IN $ BILLION)
Figure 17: NORTH AMERICA CRUDE OIL MARKET, BY LPG, 2018-2026 (IN $ BILLION)
Figure 18: NORTH AMERICA CRUDE OIL MARKET, BY LIQUID ASPHALT, 2018-2026 (IN $ BILLION)
Figure 19: NORTH AMERICA CRUDE OIL MARKET, BY OTHER APPLICATION, 2018-2026 (IN $ BILLION)
Figure 20: PORTER’S FIVE FORCE MODEL OF CRUDE OIL MARKET
Figure 21: PRICING ANALYSIS
Figure 22: FLUCTUATIONS IN CRUDE OIL PRICES, 2015-2019 ($ PER BARREL)
Figure 23: KEY BUYING IMPACT ANALYSIS
Figure 24: VALUE CHAIN ANALYSIS
Figure 25: INVESTMENT ANALYSIS OF CRUDE OIL MARKET, BY APPLICATION, IN 2017
Figure 26: INVESTMENT ANALYSIS OF CRUDE OIL MARKET, BY CRUDE OIL TYPE, IN 2017
Figure 27: NORTH AMERICA CRUDE OIL MARKET, REGIONAL OUTLOOK, 2017 & 2026 (IN %)
Figure 28: UNITED STATES CRUDE OIL MARKET, 2018-2026 (IN $ BILLION)
Figure 29: CANADA CRUDE OIL MARKET, 2018-2026 (IN $ BILLION)
Figure 30: MARKET SHARE ANALYSIS OF KEY PLAYERS IN 2017
Figure 1: NORTH AMERICA CRUDE OIL MARKET, BY TYPE, 2017 & 2026 (IN %)
Figure 2: REGION WISE ACTIVE OIL RIGS, 2015 & 2016 (IN %)
Figure 3: TIMELINE OF CRUDE OIL
Figure 4: RISE IN THE COMMERCIAL VEHICLE SALES, 2005-2017 (IN MILLION UNITS)
Figure 5: TOTAL PASSENGER CARS SALES, 2005-2017 (IN MILLION UNITS)
Figure 6: PASSENGER CARS WITH FUEL TYPES (Q1-2018)
Figure 7: TOTAL SALES OF MOTOR VEHICLE, 2005-2017 (IN MILLION UNITS)
Figure 8: EXPORTS OF CRUDE OIL IN KEY GEOGRAPHIES, 2010-2016 (1000 B/D)
Figure 9: WORLDWIDE EXPORTS OF CRUDE OIL IN, 2010-2016 (1000 B/D)
Figure 10: CONSUMPTION OF DIFFERENT SOURCES OF ENERGY/FUELS BY TRANSPORTATION IN UNITED STATES, 2016 (IN %)
Figure 11: FLUCTUATIONS IN CRUDE OIL PRICES, 2000-2016, ($ PER BARREL)
Figure 12: NORTH AMERICA CRUDE OIL MARKET, BY HEAVY CRUDE OIL, 2018-2026 (IN $ BILLION)
Figure 13: NORTH AMERICA CRUDE OIL MARKET, BY LIGHT CRUDE OIL, 2018-2026 (IN $ BILLION)
Figure 14: NORTH AMERICA CRUDE OIL MARKET, BY GASOLINE, 2018-2026 (IN $ BILLION)
Figure 15: NORTH AMERICA CRUDE OIL MARKET, BY DIESEL FUEL & HEATING OIL, 2018-2026 (IN $ BILLION)
Figure 16: NORTH AMERICA CRUDE OIL MARKET, BY JET FUEL, 2018-2026 (IN $ BILLION)
Figure 17: NORTH AMERICA CRUDE OIL MARKET, BY LPG, 2018-2026 (IN $ BILLION)
Figure 18: NORTH AMERICA CRUDE OIL MARKET, BY LIQUID ASPHALT, 2018-2026 (IN $ BILLION)
Figure 19: NORTH AMERICA CRUDE OIL MARKET, BY OTHER APPLICATION, 2018-2026 (IN $ BILLION)
Figure 20: PORTER’S FIVE FORCE MODEL OF CRUDE OIL MARKET
Figure 21: PRICING ANALYSIS
Figure 22: FLUCTUATIONS IN CRUDE OIL PRICES, 2015-2019 ($ PER BARREL)
Figure 23: KEY BUYING IMPACT ANALYSIS
Figure 24: VALUE CHAIN ANALYSIS
Figure 25: INVESTMENT ANALYSIS OF CRUDE OIL MARKET, BY APPLICATION, IN 2017
Figure 26: INVESTMENT ANALYSIS OF CRUDE OIL MARKET, BY CRUDE OIL TYPE, IN 2017
Figure 27: NORTH AMERICA CRUDE OIL MARKET, REGIONAL OUTLOOK, 2017 & 2026 (IN %)
Figure 28: UNITED STATES CRUDE OIL MARKET, 2018-2026 (IN $ BILLION)
Figure 29: CANADA CRUDE OIL MARKET, 2018-2026 (IN $ BILLION)
Figure 30: MARKET SHARE ANALYSIS OF KEY PLAYERS IN 2017
