1. Market Research
  2. > Energy & Environment
  3. > Energy Market Trends
  4. > Oil and Gas Energy

Get to know the latest trends in the petroleum & gasoline industry - key statistics available

  • Currently 4/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
25 votes

Global Oil & Gas Industry


The global oil and gas market was worth just over $2,640 billion in 2010, representing almost a 74 billion barrel oil equivalent of consumption. The market is predicted to grow at a 7% compound annual growth rate, hitting almost $3,700 billion by the close of 2015, according to research from MarketLine.


The oil and gas industry is a major segment of the energy market and covers the locating, extracting (drilling), refining, delivering and marketing of oil and gas products. Oil meets much of the world’s demand for energy, around a third in the EU and Asia and over half in the Middle East. Demand for gas in the EU is forecast to show 1% annual growth in the long term, according to a 2010 statistical report from the European gas industry association Eurogas. This marks gas market recovery after consumption fell about 6% in the EU in 2009, driven down by the global financial crisis.


The world could come up against daily oil shortages of almost 10 million barrels by 2015 and daily shortages of 18 million barrels by 2030, according to a report by the US Joint Forces Command.


Leading Market Segments


Oil - In 2010 the world market for crude oil saw growth rise close to 32% to over $2,100 billion, reports MarketLine. It is estimated the market’s value will almost hit $2,683 billion in 2015, representing over 27% growth over a five-year period. If estimates are accurate, the volume of crude oil on the market in 2015 will be over 30 billion barrels, more than a 13% jump on 2010. The global market for crude oil is highly competitive due to falling resources. Americas represent more than 35% of the overall value of the global crude oil market.


Gas - The natural gas and liquefied natural gas storage (LNG) market is forecast to reach a value in excess of $18.5 billion by the close of 2011, reports Visiongain. Demand for gas has rebounded to match and exceed pre-recession levels. Gas prices in the US are about half of those in the EU and Asia. Gas demand fell 3% in 2009; the most dramatic fall in 30 years, according to the International Energy Agency.                                                                                     

 OPEC Conventional Liquid Fuels Production *Million Barrels per Day, 2008 and 2035



Key Regional Market Share


Demand for gas is decreasing at different rates in various regions, with demand in OECD countries dropping nearly 3.5% in 2009 to 1,495 billion cubic meters (bcm) and demand in India and China climbing 10% to 20%. Gas meets about 20% of global demand for electricity.



Industry Leaders


The top 10 gas and oil companies dominating the global market are ExxonMobil Corp, BP, Gazprom Oao, Petrobras Brasileiro, Total SA, E.On AG, Petrochina Co, China Petroleum, Chevron Corp and Royal Dutch Shell.


Texas-based Exxon Mobil Corporation produces, transports and sells both crude oil and natural gas. The company reported 2010 revenues in excess of $275,560 million, and reached close to 16% return on invested capital (ROIC).


BP, based in the UK, is a fuel provider for various sectors including transportation, retail services and energy for heat and light. It is involved in exploration, production, refining and marketing. According to Standard & Poor’s, BP’s 2010 revenue was almost $240,000 million, with profit of more than $16,500 million. The company’s ROIC was 13%.


Other leaders in the market include LUKOIL, RWE AG, Reliance Industries, Rosneft Oil, Endesa SA, ENI SpA, and TNK-BP.



Market Outlook


According to Datamonitor estimates, the global oil and gas market will be worth more than $3,192 billion in 2014, reaching a volume in excess of 30 billion BOE. Oil faces dual challenges of dwindling resources and weakening demand as environmental factors and the need for more reliable, cheaper sources of energy sees governmental policy favor renewable energies moving forward.


The EU region is increasingly reliant on imports of gas as its domestic production falls. The market is fragmented and national monopolies make it difficult for newcomers to gain access to the market. LNG share will continue to rise, coming largely from Africa, North Africa and the Caribbean.



World Natural Gas Reserves by Geographic Region as of January 2011


Leading Industry Associations




You might be interested in these related markets


Understand the Oil and Gas Energy Industry Quickly & Get Actionable Data Easily. The Latest Reports with Statistics & Trends from Top Industry Sources
1-10 of about 72 000 reports

Global Oil Industry

  • October 2015
    9 pages
  • Energy Efficien  



  • World  

    North America  

View report >

Oil And Gas Analysis in the US Forecast Weekly Update

  • September 2015
    8 pages
  • Oil and Gas Ene  

  • United States  

View report >

Oil And Gas Industry in Europe Forecast Weekly Update

  • September 2015
    6 pages
  • Oil and Gas Ene  

  • OECD  


View report >

Oil And Gas Industry in Asia and Russia

  • September 2015
    27 pages
  • Oil and Gas Ene  

  • Asia  

    Russian Federat  

    Kyrgyz Republic  

View report >

Oil And Gas Industry in Japan Forecast

  • September 2015
    6 pages
  • Oil and Gas Ene  


    Shale Gas  

  • Japan  

    United States  


View report >

Refined Oil Products Industry in France

  • August 2015
    6 pages
  • Refined Oil Pro  

  • France  

View report >

Oil And Gas Statistics in Germany

  • September 2015
    14 pages
  • Oil and Gas Ene  

  • Germany  



View report >

Oil And Gas Statistics in Europe and Italy

  • June 2015
    23 pages
  • Oil and Gas Ene  

  • Europe  


View report >

Oil And Gas Industry in the UK and the US Forecast

  • September 2015
    25 pages
  • United Kingdom  

    United States  

View report >

Oil Industry in Canada Forecast

  • October 2015
    29 pages
  • Greenhouse Gas  


    Natural Gas  

  • Canada  

View report >

Search in Oil And Gas Energy Industry (About 72 000 reports)
Topics under Oil and Gas Energy

Parent industry:  Energy

Related industries: Renewable Energy, Nuclear Energy, Coal Energy, Electric Power

About 6 000 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 63 - $ 8 000)

The Future of Global LNG Markets to 2020- Supply, Demand, Capacity, Projects, FLNG, Technology, Investments, Contracts and Competition Outlook

The Future of Global LNG Markets to 2020- Supply, Demand, Capacity, Projects, FLNG, Technology, Investments, Contracts and Competition Outlook

  • $ 8 000
  • Industry report
  • July 2015

“The Future of Global LNG Markets to 2020” is a complete research and outlook report on global LNG trade, investments, capacity, under construction and planned projects, technology, contracts, companies ...

Natural Gas Compressors, Natural Gas Engines, Gas Turbi ...

July 2015 $ 7 995

Lng Yearbook 2015: The Definitive Reference Guide To Th ...

July 2015 $ 7 436

Upstream Oil And Gas Opportunities In Key Countries 

September 2015 $ 7 000

Analysis Of The Global Gas Sensors, Detectors, And Anal ...

September 2015 $ 6 000

Offshore Oil And Gas Satellite Communications Market 

July 2015 $ 6 000

Proppants In North America

September 2015 $ 5 300

Natural Gas Supply Outlook

August 2015 $ 5 000

Global Lng Market Trends, Outlook, Stratedies And Growt ...

August 2015 $ 5 000

The Future Of Global Liquefaction Markets To 2020- Supp ...

July 2015 $ 5 000

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.