Global Crude Oil Trading Market Growth (Status and Outlook) 2024-2030

Global Crude Oil Trading Market Growth (Status and Outlook) 2024-2030

Crude oil trading refers to the commercial activity of buying, selling, transporting and distributing unrefined crude oil in the global market. The trade involves transactions between crude oil producing countries, oil companies, international traders and refineries, and is conducted through spot markets, futures markets, long-term contracts and financial instruments such as swaps. Crude oil trading ensures that global refineries have access to raw materials to meet energy needs and manages the risk of price fluctuations through hedging and speculation operations. As the core of the global energy supply chain, crude oil trade has a significant impact on the international economy, energy security and geopolitical relations.

The global Crude Oil Trading market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.

LPI (LP Information)' newest research report, the “Crude Oil Trading Industry Forecast” looks at past sales and reviews total world Crude Oil Trading sales in 2022, providing a comprehensive analysis by region and market sector of projected Crude Oil Trading sales for 2023 through 2029. With Crude Oil Trading sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Crude Oil Trading industry.

This Insight Report provides a comprehensive analysis of the global Crude Oil Trading landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Crude Oil Trading portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Crude Oil Trading market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Crude Oil Trading and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Crude Oil Trading.

United States market for Crude Oil Trading is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Crude Oil Trading is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Crude Oil Trading is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Crude Oil Trading players cover Vitol Group, Trafigura Group, Glencore, Gunvor Group, Mercorria, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Crude Oil Trading market by product type, application, key players and key regions and countries.

Segmentation by Type:
Light Crude Oil
Medium Crude Oil
Heavy Crude Oil

Segmentation by Application:
Fuel
Industrial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Light Crude Oil
Medium Crude Oil
Heavy Crude Oil

Segmentation by Application:
Fuel
Industrial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Vitol Group
Trafigura Group
Glencore
Gunvor Group
Mercorria
BP
Shell
Total Energy
Chevron
OQ
Ocean Energy
Koch Industries
GS Global
Fortune Oil
Strong PetroChemical
ZhenHua Oil
PetroChina
Sinopec
Sinochem

Please note: The report will take approximately 2 business days to prepare and deliver.