Analysis of Oil Refining Market applications and company’s active in the industry

1. Oil Refining Market trends research and projections for 2018 – 2024

2. Global Market Scenario of Oil Refining Industry • Oil refining market has consistently been in a state of flux since the past few years. Continuous profiling of environmental regulations, fluctuating natural gas price trends, and sharp decline in crude oil price are some of the major determinants influencing the commercialization potential of this marketplace. It was in the period 2008-2009, post the economic crisis, when the industry faced a severe gap in the supply demand trends. While the global demand for oil products observed a severe downturn, refining capacities continued to grow at a considerable pace. • In the face of this sheer dichotomy of growing overcapacity and descending pressure on utilization, oil refining industry players were prompted to bring a consequential transformation in the operational model. This in effect, has significantly improved the financial dynamics of oil refining industry which pegged a valuation of USD 6 trillion in 2017. • Asia Pacific has become the nerve center for the growth of global oil refining market demand, primarily led by emerging nations like China and India. The economic growth in these regions has had a linear impact on the demand for light products like diesel and gasoline.

3. Continue… • Another vital trend fueling the growth of oil refining market is the robust investment in construction of new oil refineries as well as upgradation of the existing ones across the world. Recently, a Chinese investment firm announced to invest approximately USD 2 billion for the construction of a new oil refinery in the Northern Iranian province of Mazandaran. It is prudent to mention that Chinese and Russian oil giants of late, have been increasingly investing in Iran oil refining market, in a bid to actually benefit from U.S. withdrawal from Iran nuclear deal. • Reasons to Buy This Report: • 1. Oil Refining Market size & share forecast by product & application, 2018-2024 • 2. Growth drivers, pitfalls & industry challenges • 3. Oil Refining Market growth opportunities & emerging business models • 4. Competitive benchmarking with market share analysis and company profiles • The oil refining industry is indeed replete with many such investments that are anticipated to enhance the business outlook over the forthcoming years. Just few months back, Saudi Aramco, one of the phenomenal oil industry giants made its way to the frontpage with its announcement of investing around USD 44 billion in constructing integrated refinery complex in India. • Ongoing sustainability measures is yet another prominent factor underling the expansion graph of oil refining industry. Emission abatement targets, in particular, have had a considerable influence of the regional business trends, especially in the road transport and aviation sectors.

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