The global shale oil market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. Surging investments from the private and public sectors focusing on establishing the footprints in shale oil market along, with the growth in demand for fuel & electricity support the growth of the market. For instance, in May 2023, Saudi Aramco has awarded $10 billion to its Jafurah project. With this investment the Jafurah gas field will place the Kingdom third in the world in natural gas production by 2030. Such developments are anticipated to drive the global shale oil market.
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Additionally, market players such as Chevron Corp., Royal Dutch Shell plc, Marathon Oil Corp., Occidental Petroleum Corp., and Exxon Mobil Corp. among others are adopting various strategies such as partnership, collaboration, funding and investment to upscale their presence in the global market. For instance, in March 2023, YPF announced its plans to spend $2.3 billion on shale blocks by 2023. The figure represents a 20% increase over $4.2 billion capital expenditure of 2022.
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Market Coverage
- Segment Covered-
o By Product
o By Applications
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Chevron Corp., Royal Dutch Shell plc, Marathon Oil Corp., Occidental Petroleum Corp., and Exxon Mobil Corp. among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Oil Shale Market Report Segment
By Product
- Shale Gasoline
- Shale Petroleum
- Shale Kerosene
- Other
By Applications
- Fuel
- Electricity
- Cement & Chemicals
Reasons to Buying From us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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