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Global Oil & Gas Market Rises To $7bn In 2023

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The global oil and gas market reportedly grew from $6,989.65 billion in 2022 to $7,330.80 billion in 2023 at a compound annual growth rate (CAGR) of 4.9 per

Oil and Gas extraction is the exploration and production of petroleum and natural gas from wells.

Asia-Pacific was the largest region in the oil and gas market in 2022.North America was the second largest region in the oil and gas market.The regions covered in the oil and gas market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.The main types are oil & gas upstream activities, oil downstream products.

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