oil refining markets

The oil refining market size was valued at USD 1,838.46 billion in 2025 and is predicted to surge around USD 2,800.91 billion by 2034 with a CAGR of 4.30%.

United States Oil Refining Industry Outlook 2025-2030: Production, Consumption & Key Players Overview The United States crude oil refining industry plays a crucial role in the global energy sector, with its refineries processing billions of

Nonetheless, we acknowledge a greater risk of closure in the competitive Atlantic Basin market and among smaller, independent refineries in China. Rising consumption and new refineries in

Oil Refining Market Size & Trends The global oil refining market was valued at USD 1,687.7 billion in 2025 and is expected to grow at a CAGR of 4.28% over the forecast period. This market is characterized by its intricate processes, vast

The oil refining market plays a pivotal role in transforming crude oil into valuable products that power industries, transportation, and homes. Refining processes are essential

Oil Refining Market growth is projected to reach USD 2,401.36 Billion, at a 3.64% CAGR by driving industry size, share, top company analysis, segments research, trends and forecast report 2025 to 2034.

Oil Refining Market is projected to witness a CAGR of 4.30% during the forecast period 2025-2031, growing from USD 1536.48 billion in 2025 to USD 2151.14 billion in 2031.

The oil refining market is forecasted to grow by USD 106.6 billion during 2025-2028, accelerating at a CAGR of 1.23% during the forecast period. The report on the oil refining market provides

Oil refiners face a structural decline in demand over the next decade. Alternative sources of energy, such as electricity and biofuels, are taking a growing share of the market. We expect refining capacity to shrink by as

Market Overview Global Oil Refining Market was valued at USD 1521 Billion in 2025 and is anticipated to project robust growth in the forecast period with a CAGR of 5.4% through 2029.

Following record refining margins and booming profits in 2025 and early 2025, the U.S. and global fuel markets started to normalize in the latter half of 2025 and refining margins began to ease

TheMiddle East and North Africa Oil Refining Market Outlook 2025-2030, with Details of Major Players and In-depth Analysis of the Latest Industry Updates

Global oil refining capacity dropped for the first time in 20 years in 2025 and again last year, on pandemic-weakened margins, accelerated refinery closures, and motivated conversions to biofuels or distribution terminals,

Global oil refinery closures 2025-2029, by region Net oil refinery closures worldwide between 2025 and 2025, with a forecast for 2025 to 2029, by region (in million barrels per day)

Given declining oil demand and the move toward low-carbon energy sources, global refining may need to adapt to ensure that it plays a role in the accelerating energy transition.

The report covers complete details of major players operating in the refining sector in Middle East and Africa region and provides in depth analysis of the...

Following record refining margins and booming profits in 2025 and early 2025, the U.S. and global fuel markets started to normalize in the latter half of 2025 and refining margins began to ease

The Future of Oil Refineries: Trends and Innovations The oil refining industry is undergoing a significant transformation driven by evolving energy demands, environmental

2 days agoThe IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market including detailed statistics

United States Oil Refining Market was valued at USD 520 billion in 2025 and is anticipated to project robust growth in the forecast period with a CAGR of 3.1% through 2029.