Outlook on the Shale Oil Global Market to 2025 - Featuring Exxon Mobil, Chevron and Royal Dutch Shell Among Others - ResearchAndMarkets.com

The "Shale Oil Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The Shale oil market is expected to grow at a CAGR of more than 2% over the period of 2020-2025.

Factors such as an increase in consumption of oil and rising growth in the oil dependent industries are expected to drive the market. However, volatility in the oil market with prices going below the shale oil production cost acts as a restraint to the market.

Companies Mentioned

  • Exxon Mobil Corporation
  • Chevron Corporation
  • ConocoPhillips Company
  • Royal Dutch Shell PLC
  • Continental Resources Inc
  • Murphy Oil Corporation
  • Occidental Petroleum Corporation
  • Marathon Oil Corporation
  • Schlumberger Limited
  • Halliburton Company

Key Market Trends

Growing Petrochemicals Industry to Drive the Market

Many countries have large reserves of shale oil deposits which may be used by to decrease their dependency on imports of oil to suffice the needs of the petrochemical industry in the country. This aids the growth of shale oil industry in the nation by providing an incentive to invest in shale oil production.

  • Moreover, the share of shale oil in transportation and power generation has been reducing due to better and cleaner alternatives replacing it in the market. However, in the petrochemical segment it is the most important chemical, without which synthesizing of the required compounds would be much difficult.
  • Several world-scale projects are currently following a path of configuring a refinery to produce maximum volumes of chemicals, instead of transportation fuels as in a conventional refinery. Facilities under construction in China such as Shenghong Petrochemical Group's planned refining and petrochemical facility in Jiangsu Province, China, with a planned oil refining capacity of 16 Million tons per year. The refinery is expected to fully start by 2021. The demand for the shale oil is expected to depend upon its non-energy applications, in the forecast period.
  • As of 2019, Reliance Industries Ltd (RIL) plans to invest INR 700 Billion for setting up crude-to-chemical projects adjacent to the existing Jamnagar site, an integrated petroleum refinery and petrochemical complex, as part of its oil-to-chemical strategy. It is expected to be among the foremost full crude-to-chemical plant in the world and increase the production of petrochemicals by reducing the generation of petrol and diesel. Large scale investments like these are expected to increase the demand of shale oil in the forecast period.
  • The petrochemical industry is expected to increase significantly in the forecast period due to increasing uses of petrochemical products, introduction of innovative processes like direct crude cracking and increasing investments into the sector are expected to grow the market. Growth in the petrochemical industry is expected to increase the consumption of shale oil thereby aiding the growth of shale oil market.

North America?to Dominate the Market

The United States, in 2019, was the largest producer of shale oil in the world. Many different countries such as Brazil, Canada, China, and Argentina have tried to emulate the American shale boom but have not been able to succeed. However, large progress has been made in China but due to the difficulties posed by the unstable reservoirs, the shale oil production may only rise slightly in the forecast period.

  • The Permian basin is the largest source of shale oil in the United States with Spraberry (TX Permian) field being the most productive shale oil field. In April 2020, the field produced 1.757 million barrels per day, from 1.532 million barrels per day, April 2019.
  • The shale oil production in the United States increased, by 13.87%, from 7.956 million barrels per day (mbpd) in 2019 to 6.986 mbpd in 2018. Shale oil production may increase further due to new wells being drilled across the country.
  • Canada's production of shale oil in the country was approximately 335,000 barrels a day, in 2018. Multinational companies are expected to invest in the market and the production is expected to increase in the forecast period.
  • Hence, North America is expected to dominate the market due to overwhelming production of shale on the continent and further increase in the investment in the sector.

Key Topics Covered:





4.1 Introduction

4.2 Shale Oil Production and Forecast, in million barrels per day, till 2025

4.3 Recent Trends and Developments

4.4 Government Policies and Regulations

4.5 Market Dynamics

4.5.1 Drivers

4.5.2 Restraints

4.6 Supply Chain Analysis

4.7 Porter's Five Forces Analysis


5.1 Geography

5.1.1 North America

5.1.2 South America

5.1.3 Europe

5.1.4 Asia-Pacific

5.1.5 Middle-East and Africa


6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles


For more information about this report visit https://www.researchandmarkets.com/r/13rjqz