Oil Refining Market to Witness Massive Demand from the Booming Transportation Sector, Global Consumption to Surpass 100 MBPD by 2024
The significant increase in exploration of oil and gas resources elevated the oil refining market to a valuation of more than USD 6 trillion in 2017, with vast investments being done to match the refinery and oil extraction capacities. A stability in the prices of crude oil is being observed globally, renewing a sense of positivity in the marketplace post the 2013-14 slump, which had nearly devastated the oil refining companies. Continuous growth of the oil and gas sector owing...
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