Oil industry includes operations, such as exploration, production, refining, and transportation, and marketing of petroleum and crude products. There is a considerable dependency on the oil production globally coupled with the growth in the transportation sector and increasing global energy demand. As a result, global economies continuously invest in petroleum-based products. In 2018, the aviation sector has witnessed potential growth coupled with the increasing demand for air transportation since 2000. Both passenger and freight aviation has reported enormous potential in 2018.

Request a free sample of our report on Global Oil Industry Market: https://www.omrglobal.com/request-sample/oil-industry-market



As per the International Energy Agency (IEA), in 2018, the total number of air passengers reached a record of 4.3 billion, increased from 4 billion in 2017. The availability of low-cost airlines and growth in the tourism sector were some crucial factors attributed to the positive growth of the aviation industry, which in turn, has led the demand for oil in the aviation sector. However, in 2020, the global demand for oil has declined sharply owing to the epidemic of coronavirus. Due to the COVID-19 outbreak, the government across the globe has stopped or reduced international travelling, which results in less consumption of kerosene oil.

A full report of Global Oil Industry Market Is available at https://www.omrglobal.com/industry-reports/oil-industry-market

Global Oil Industry Segmentation

By Production

Onshore

Offshore

Impact of COVID-19 on major economies

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Middle East & Africa

Latin America

Company Profile

BP p.l.c.

Chevron Corp.

China National Offshore Oil Corp. (CNOOC Group)

China National Petroleum Corp. (CNPC)

ConocoPhillips Co.

Equinor ASA

ExxonMobil Corp.

PJSC LUKOIL

PJSC Rosneft Oil Co.

Saudi Arabian Oil Co. (Saudi Aramco)

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/oil-industry-market



About us:

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting, and other research-based services.



For More Information, Visit https://www.omrglobal.com/



Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: [email protected]

Contact no: +91 780-304-0404