Petroleum industry - Wikipedia
The petroleum industry, also known as the oil industry, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of …
2025 Oil and Gas Industry Outlook | Deloitte Insights
Although the oil and gas industry is no stranger to disruption—and recent history suggests it has emerged stronger from such challenges—the coming year could be pivotal due to easing monetary policies, geopolitical tensions, and postelection energy policies.
How the Oil and Gas Industry Works - Investopedia
Sep 25, 2024 · The oil and gas industry is broken down into three segments: upstream, midstream, and downstream. Upstream, or exploration and production (E&P) companies, find reservoirs and drill oil...
Global oil industry - statistics & facts | Statista
Feb 2, 2024 · How much is the oil industry worth? Discover all relevant statistics and facts on the global oil industry and market now on statista.com!
Oil and Gas Outlook: What to Expect in 2025
Bank of America analysts predicted oil prices will average $65 per barrel in 2025, citing an oversupply of crude oil and slowing demand. J.P. Morgan forecast the Brent crude price to average $73 per barrel this year and fall to $61 per barrel in 2026.
Why Oil Industry Jobs Are Down, Even With Production Up
6 days ago · The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as it employed a decade ago. By Rebecca F. Elliott Rebecca F. Elliott spoke ...
An Introduction to the Oil and Gas Industry
Dec 30, 2024 · In this introduction to the oil and gas industry, we provide a snapshot of the petroleum sector. What are the different oil and gas sectors? The energy sector has three key areas: Upstream, midstream, and downstream. What is upstream? - Upstream is E&P (exploration and exploration).
2024 oil and gas industry outlook | Deloitte Insights
The oil and gas industry should look to uphold capital discipline and prioritize viable low-carbon projects to help successfully navigate the changing energy demand landscape.
Global Energy Perspective 2023: Oil outlook | McKinsey
Jan 24, 2024 · After a steep decline due to COVID-19, oil demand increased to pre-pandemic levels in 2023 at 101.7 million barrels per day (MMb/d). However, growth may not last long, as peak demand is projected to materialize before 2030 across our …
U.S. Energy Information Administration - EIA - Independent …
Jan 14, 2025 · Crude oil production: EIA expects crude oil production to increase in 2025 and 2026, both globally and in the United States. EIA estimates U.S. crude oil production averaged a record 13.2 million barrels per day in 2024 and expects it to grow to an average of 13.5 million barrels per day in 2025. U.S. production growth slows in 2026 in EIA’s ...