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Analyzing the global crude oil industry 2012-2016

Wednesday, Dec 05, 2012

Research and Markets (http://www.researchandmarkets.com/research/7pc53s/analyzing_the) has announced the addition of the "Analyzing the Global Crude Oil Industry 2012" report to their offering.

“Analyzing the Global Crude Oil Industry 2012”

Royal Dutch Shell, BP, Gazprom, ExxonMobil and Petrobras are the biggest players in the industry. With an expected boom in the Canadian oil sands industry, a large number of new pipelines are expected to come online in the country, both domestically and also to transfer crude from Canada to the US. The second largest addition of new crude oil pipelines will appear in Europe, with Russia planning to further enhance its crude oil pipeline network. The increase in crude oil prices has forced the world to look into alternative fuels. The technology development for the use of alternative fuels in the transportation sector is increasing rapidly. There is an increasing trend in the usage of hybrid electric vehicles, especially in developed countries. Governments across the world are encouraging investments in this sector. For example, the US government announced that it was making $30 million available for developing technology for using natural gas for transportation. In addition to this, another $14 million is allocated to support research and development of biofuels derived from algae.

Oil storage companies are seeing record demand for their storage facility services. However, they do not seem to be benefiting from this as much as may be expected, as far as profits from their services are concerned. The record demand seems to be a case of oil companies simply storing their output in anticipation of suitable, upward revisions in the prices of crude oil and petroleum products.

Global crude oil consumption is analyzed through industry overview, an analysis of the global crude oil consumption capacity, a geographical segmentation, upcoming industry projects till 2016 and competition in the industry.

Source: Business Wire

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