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The oil and gas sector is making a substantial contribution to the global economy. This sector includes exploration, refining, and distribution, serving as a significant global energy source. In 2023, the global crude oil market had significant expansion, rising from $2747.78 billion in 2022 to $2904.09 billion, with a compound annual growth rate (CAGR) of 5.7%.

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Literature Review

  • 章节

  • 发表日期：

    2025年

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  • Muhammad Hussain,
  • Tieling Zhang

摘要

The oil and gas sector is making a substantial contribution to the global economy. This sector includes exploration, refining, and distribution, serving as a significant global energy source. In 2023, the global crude oil market had significant expansion, rising from $2747.78 billion in 2022 to $2904.09 billion, with a compound annual growth rate (CAGR) of 5.7%.