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Frequently Asked Questions
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What value is the crude oil market expected to touch by 2033?
The global crude oil market size was valued at approximately USD 2.95 billion in 2024 and is expected to reach USD 3.58 billion by 2033.
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What CAGR is the crude oil market expected to exhibit by 2033?
The crude oil market is expected to exhibit a CAGR of 2.3% by 2033.
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Which are the driving factors of the crude oil market?
The variety of byproducts available and the extreme dependency on petroleum are the major driving factors.
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Which are the top companies operating in the crude oil market?
Saudi Aramco, Equinor, Petrobras, and Pemex are some of the top companies in the crude oil market.