Summary
Oil & Gas in Singapore industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The oil & gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas in each country in a specific year. The value of the oil segment reflects the total volume of refined petroleum products, including refinery consumption and losses, multiplied by the average retail price of gasoline and diesel taken together. The value of the gas segment is calculated as the total volume of natural gas consumed multiplied by the retail price of natural gas.
- The Singaporean oil & gas market recorded revenues of $147.1 billion in 2024, representing a compound annual growth rate (CAGR) of 8.8% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 1.3% between 2019 and 2024, reaching a total of 592.6 million BoE in 2024.
- The Singaporean oil & gas market consumption volume grew by 1.3% in 2024, driven by rising industrial demand. The expansion of industrial activities across manufacturing, construction, and mining sectors has significantly boosted the need for fuel and energy. According to GlobalData, in 2024, the Nominal Gross Value Added (GVA) in Singapore's industry reached $117.4 billion, reflecting a 4.5% increase from the previous year, driven by higher production requirements.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the oil & gas market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the oil & gas market in Singapore
- Leading company profiles reveal details of key oil & gas market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore oil & gas market with five year forecasts
Reasons to Buy
- What was the size of the Singapore oil & gas market by value in 2024?
- What will be the size of the Singapore oil & gas market in 2029?
- What factors are affecting the strength of competition in the Singapore oil & gas market?
- How has the market performed over the last five years?
- Who are the top competitors in Singapore's oil & gas market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
7.4. What are the recent developments in the market?
8 Company Profiles
8.1. Exxon Mobil Corp
8.2. Chevron Corp
8.3. PetroChina Co Ltd
8.4. Puma Energy Holdings Pte Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Singapore oil & gas market value: $ million, 2019-24
Table 2: Singapore oil & gas market volume: million BoE, 2019-24
Table 3: Singapore oil & gas market category segmentation: % share, by value, 2019-24
Table 4: Singapore oil & gas market category segmentation: $ million, 2019-24
Table 5: Singapore oil & gas market geography segmentation: $ million, 2024
Table 6: Singapore oil & gas market value forecast: $ million, 2024-29
Table 7: Singapore oil & gas market volume forecast: million BoE, 2024-29
Table 8: Exxon Mobil Corp: Key Facts
Table 9: Exxon Mobil Corp: Annual Financial Ratios
Table 10: Exxon Mobil Corp: Key Employees
Table 11: Exxon Mobil Corp: Key Employees Continued
Table 12: Chevron Corp: Key Facts
Table 13: Chevron Corp: Annual Financial Ratios
Table 14: Chevron Corp: Key Employees
Table 15: PetroChina Co Ltd: Key Facts
Table 16: PetroChina Co Ltd: Annual Financial Ratios
Table 17: PetroChina Co Ltd: Key Employees
Table 18: Puma Energy Holdings Pte Ltd: Key Facts
Table 19: Puma Energy Holdings Pte Ltd: Key Employees
Table 20: Singapore Size of Population (Million), 2020-24
Table 21: Singapore Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: Singapore GDP (Current Prices, $ Billion), 2020-24
Table 23: Singapore Inflation, 2020-24
Table 24: Singapore Consumer Price Index (Absolute), 2020-24
Table 25: Singapore Exchange Rate, 2019-24
List of Figures
Figure 1: Singapore oil & gas market value: $ million, 2019-24
Figure 2: Singapore oil & gas market volume: million BoE, 2019-24
Figure 3: Singapore oil & gas market category segmentation: $ million, 2019-24
Figure 4: Singapore oil & gas market geography segmentation: % share, by value, 2024
Figure 5: Singapore oil & gas market value forecast: $ million, 2024-29
Figure 6: Singapore oil & gas market volume forecast: million BoE, 2024-29
Figure 7: Forces driving competition in the oil & gas market in Singapore, 2024
Figure 8: Drivers of buyer power in the oil & gas market in Singapore, 2024
Figure 9: Drivers of supplier power in the oil & gas market in Singapore, 2024
Figure 10: Factors influencing the likelihood of new entrants in the oil & gas market in Singapore, 2024
Figure 11: Factors influencing the threat of substitutes in the oil & gas market in Singapore, 2024
Figure 12: Drivers of degree of rivalry in the oil & gas market in Singapore, 2024
