Conventional Oil Market Report 2025 (Global Edition)

Global Conventional Oil Market Report 2025 Market Size Split by Type (Light Distillate, Middle Distillates, Heavy Ends, Others), by End User (Automotive, Chemical, Power, Industrial, Others), by Sulph...

Conventional Oil Market Report Description

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Impact of Trumph Tariff on Energy and Power Industry

In 2025, global trade entered a turbulent phase as the U.S., under President Donald Trump, introduced aggressive "Liberation Day Tariffs" to address trade imbalances. These tariffs, ranging from 10% to 46%, heavily impacted the energy and power sector, which relies on global supply chains for critical components like rare earth metals, solar panels, wind turbines, and lithium. The U.S.–China trade war escalated, with reciprocal tariffs and China's trade surplus with the U.S. reaching USD 102.6 billion. Retaliatory tariffs from the EU and Canada further disrupted energy supply chains, raising material costs and causing delays in key projects.

The U.S. imposed a 20% tariff on rare earths, impacting EVs and clean tech; 25% on solar panels, increasing installation costs; 15–25% on wind turbine parts, affecting project timelines; and 10–15% on oil and gas equipment, pushing producers to rethink supply networks. Sub-sectors like renewables, EVs, oil & gas, and power generation are all experiencing rising costs, supply bottlenecks, and delayed investments. For instance, solar and wind projects now face 10–30% higher costs, and EV producers are struggling with battery input inflation.

China remains central to the U.S. energy supply chain, with even indirect imports via countries like Vietnam and Malaysia tightly linked to Chinese inputs. As a result, U.S. energy firms are exploring alternative sourcing from Southeast Asia, Latin America, and domestic production to reduce exposure. However, switching suppliers requires significant investment, coordination, and time.

In this volatile environment, market research is critical. It helps energy firms map supplier risks, track price trends, and explore alternative sourcing. It enables supply chain optimization through AI and predictive analytics, while regulatory tracking and scenario planning allow companies to anticipate future disruptions. Energy firms like NextEra and First Solar are responding by diversifying suppliers, investing in local production, and leveraging digital tools to improve procurement and adapt to tariff-driven challenges. Those using data-driven strategies and flexible operations are best positioned to thrive amid rising trade tensions.

Conventional Oil Market Insights Video

Top Companies in Conventional Oil Market

The Conventional Oil market's competitive landscape describes the energy and power industry's structure and the competition among major players. This analysis examines the distribution of market share, identifies key competitors, evaluates their strategic approaches, and assesses how they position themselves to secure a competitive advantage. It also provides insights into recent corporate activities, including mergers, acquisitions, and expansions, as well as an evaluation of the financial stability of these organizations. The report tracks recent developments like new product launches, expansions, and technological innovations, alongside financial performance metrics including revenue, financial ratios, market share and further financials as per requirements, for key players. Additionally, SWOT analyses is also provided for major players to understand their strengths, weaknesses, opportunities, and threats, enabling informed strategic decisions. Furthermore, the analysis explores, including cost-cutting, efficiency improvements, and digital transformation, while also considering technological advancements, product innovation, regulatory compliance, market positioning, and sustainability practices. This detailed overview empowers stakeholders to understand competitive forces and make well-informed decisions within the Conventional Oil market. (For a deeper dive, please request sample pages or contact with our analysts.)

Top Companies Market Share in Conventional Oil Industry: (In no particular order of Rank)

• CNPC
• Eni
• BP p.l.c.
• Chevron Corporation
• Exxon Mobil Corporation
• Shell Plc
• TotalEnergies SE
• EQUINOR ASA
• PETROBRAS
• Repsol
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Asia Pacific Conventional Oil Market Contributed Major  Market Share!

Asia-Pacific has the largest revenue share in the conventional oil market. This is due to the increasing consumption and production of the product in Asian countries such as China and the presence of a consumer base anticipated to drive the growth of the target market in the region. 

The current report Scope analyzes Conventional Oil Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

Conventional Oil Market Analysis

By Type, Middle Distillates has the leading segment of the Conventional Oil Market!

Based on type, middle distillates has the leading segment in the conventional oil market. This is attributed to the middle distillates type of refined products, which came from the fractional purification of conventional oil to heavier and lighter products. In addition, these are flammable liquids, colorless to light yellow, and are clearly projected to drive the growth of this segment. 

• Light Distillate
• Middle Distillates
• Heavy Ends
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Conventional Oil Industry. Request a Free Sample PDF!

By End User, the Automotive segment has the largest revenue share of Conventional Oil Market!

Based on the end-user industry, the automotive segment has the largest revenue share in the conventional oil market. This is owing to increasing rapidly expanding urban population and disposable income in various regions including Europe and America and customer preferences for automobile passengers likely to drive the growth of this segment. 

• Automotive
• Chemical
• Power
• Industrial
• Others

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Conventional Oil Sulphur Content Segment Analysis

Based on Sulphur content, the high Sulphur segment has the largest market share in the conventional oil market. This is due to the increasing demand for sulfur conventional oil in sour crude. In addition, this is used in industries, structures, industrial facilities, boilers, and all power plants expected to drive the growth of the high Sulphur segment.

• Low Sulphur
• High Sulphur

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.

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