LONDON--(BUSINESS WIRE)--Technavio has been monitoring the crude oil market and it is poised to grow by $ 146.92 bn during 2020-2024, progressing at a CAGR of about 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Crude Oil Market. Download free sample report

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BP Plc, Chevron Corp., ConocoPhillips Co., Exxon Mobil Corp., PetroChina Co. Ltd., Petrleo Brasileiro SA, Qatar Petroleum, Rosneft Oil Co., Royal Dutch Shell Plc, and Saudi Arabian Oil Co. are some of the major market participants. The increasing upstream investments will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increasing upstream investments has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/global-crude-oil-market-industry-analysis

Crude Oil Market 2020-2024: Segmentation

Crude Oil Market is segmented as below:

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Crude Oil Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our crude oil market report covers the following areas:

This study identifies technological developments in hydraulic fracturing process as one of the prime reasons driving the crude oil market growth during the next few years.

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Crude Oil Market 2020-2024 : Key Highlights

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE

PART 08: MARKET SEGMENTATION BY PRODUCTION AREA

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

PART 13: VENDOR ANALYSIS

PART 14: APPENDIX

PART 15: EXPLORE TECHNAVIO

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Crude Oil Market 2020-2024 | Increasing Upstream Investments to Boost Growth | Technavio - Business Wire