Oil & Gas in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the Singapore oil & gas market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country.
The Singaporean oil & gas market had total revenues of $17.7bn in 2016, representing a compound annual rate of change (CARC) of -19.8% between 2012 and 2016.
Market consumption volume increased with a compound annual growth rate (CAGR) of 3.6% between 2012 and 2016, to reach a total of 581.8 million BOE in 2016.
Rebounding crude oil prices should give a welcome boost to the Singaporean oil and gas market. Whilst this happens, players in the Singaporean market are also showing signs of positive activity. ExxonMobil for example announced in February 2017 that it was expanding its Singapore refinery to increase the production of oil. Construction for this expansion is expected to be finished in 2019. Furthermore, plans are underway to expand the LNG terminal on Jurong Island in the country, although construction has not yet begun. Nevertheless the Singaporean oil and gas market should grow strongly in the forecast period.
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What was the size of the Singapore oil & gas market by value in 2016?
What will be the size of the Singapore oil & gas market in 2021?
What factors are affecting the strength of competition in the Singapore oil & gas market?
How has the market performed over the last five years?
What are the main segments that make up Singapore's oil & gas market?