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Oil and Gas Market Size, Share & Trends | Outlook 2032

The global oil and gas market size reached US$ 17.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 65.8 Billion by 2032, exhibiting a growth rate (CAGR) of 15.84% during 2024-2032. The global market is currently influenced by geopolitical tensions, technological advancements, and shifting environmental policies, leading to volatile prices and driving industry players towards innovation and sustainability to navigate the challenges of supply disruptions, regulatory pressures, and changing consumer preferences.

For more details, visit us: https://www.imarcgroup.com/oil-gas-market