The global fuel oil supply stands at 92.7 Mbpd (Million Barrels per day) and the the global fuel oil demand stands at 98.18 Mbpd. This demand is further expected to increase at a CAGR of 1.8 percent until 2020. The OECD countries contribute about 14.3 percent of the total proven crude oil reserves globally, whereas non-OECD countries contribute about 85.7 percent. APAC is the largest crude oil consuming region, followed by North America and Europe. A historical crude oil price trend analysis discusses how crude oil prices have been highly volatile in the past 20 years, and a fluctuation of more than $100 in price levels has been observed
The global crude oil price forecast predicts that crude oil prices are expected to decrease within 65–75 USD per barrel in the next 12 months. The report also covers the movement of crude oil across the globe, analyzing the total crude oil imports and exports. It examines the Porter's Five Force Analysis, elaborating factors such as buying power, supplier power, barriers to new entrants, the intensity of competition and threat of substitutes.
Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.
Category Intelligence on Crude Oil covers the following