Scope of the Study
Light Crude Oil consists of light hydrocarbon fractions and flows freely at room temperature. It also has low density and low wax. As compared to heavy crude oil, light oil receives higher price as it converts into larger amount of gasoline and diesel fuel. National board of Canada has defined the crude oil having density less than 875.7kg/m3. Whereas The New York Mercantile Exchange (NYMEX) has defined it as having API between 840 kg/m3 to 816 kg/m3. Due to the rise in petroleum based machineries the market is growing
The market study is being classified by Type (The Very Light Oils, Light Oils and Others), by Application (Automobile, Mining, Agriculture and Others) and major geographies with country level break-up.
Hess (United States), ConocoPhillips (United States), Noble Energy (United States), Devon Energy (United States), BP (United Kingdom), Royal Dutch Shell (Netherlands), Sinopec (China), Marathon Oil (United States), Husky Energy (Canada) and Suncor Energy (Canada) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Reliance Industries (India), Rosneft (Russia), Gazprom (Russia) and Royal Dutch Shell (Netherlands).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Light Crude Oil market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Light Crude Oil market by Type, Application and Region.
On the basis of geography, the market of Light Crude Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Features Such as Larger Conversion into Gasoline and Diesel Fuel
- Increasing Production of Oil Based Machineries
- Technological Advancements are Being Made
- Limited Raw Material Available
- High Costs Associated with the Product
- High Demand of the Product in Developing Countries
- Creation of Innovative Formulation has built a Long term Relationships with Refineries
- High Competition Due to Availability of Major Players
Market Leaders and their expansionary development strategies
In 2018, ConocoPhillips announced that it has acquired Anadarko Petroleum Corporationís 22% lease interests in the Western North Slope of Alaska.
In 2019, EPA determines that revisions to the federal regulations for the management of wastes associated with the exploration, development and production of crude oil, natural gas and geothermal energy under Subtitle D of RCRA (title 40 of the Code of Federal Regulations in Part 257) are not necessary at this time.
Key Target AudienceManufacturers, Distributors and suppliers, Government bodies and Research institutes
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase