The global oil and gas sector is a diverse, intricate industry that is essential to the global economy. Petroleum product discovery, production, transportation, refining, and marketing are all included in this enormous sector. It also covers the use of sustainable techniques and the creation of innovative technology.

 

The International Energy Agency projects that by 2023, the world's oil consumption will have increased more than 100 million barrels per day (mbpd). Compared to 2022, this indicates an increase of 1.1 mbpd.