The global oil & gas market is forecast to generate total revenues of $1,823.5bn in 2015, representing a compound annual rate of change (CARC) of -14% between 2011 and 2015.
Market consumption volume is forecast to increase with a compound annual growth rate (CAGR) of 1% between 2011-2015, to reach a total of 46,694 million boe in 2015.
Over the 2004-2014 period, global primary energy consumption increased with a CAGR of 2.0%. Oil and gas are major sources of energy in most countries, being consumed directly by end-uses such as transportation and domestic heating, and also as a source of fuel for power generation.
Your key questions answered
* What was the size of the global oil & gas market by value in 2015?
* What will be the size of the global oil & gas market in 2020?
* Who are the significant competitors in this market?
* What factors are affecting the strength of competition in the global oil & gas market?
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