The Global Bunker Oil Market is expected to grow by 104.44 mn MT during 2020-2024, progressing at a CAGR of 4% during the forecast period

Global Bunker Oil Market 2020-2024 The analyst has been monitoring the bunker oil market and it is poised to grow by 104. 44 mn MT during 2020-2024, progressing at a CAGR of 4% during the forecast period.


New York, Nov. 16, 2020 (GLOBE NEWSWIRE) -- announces the release of the report "Global Bunker Oil Market 2020-2024" -
Our reports on the bunker oil market provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing naval expenditure and an increase in global seaborne trade. In addition, increasing naval expenditure is anticipated to boost the growth of the market as well.
The bunker oil market analysis includes product segment and geographical landscapes.

The bunker oil market is segmented as below:
By Product
• Residual fuel
• Distillate fuel
• By Geographic Landscape
• Europe
• North America
• South America

This study identifies the rising global oil and gas consumption as one of the prime reasons driving the bunker oil market growth during the next few years.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the bunker oil market covers the following areas:
• Bunker oil market sizing
• Bunker oil market forecast
• Bunker oil market industry analysis

Read the full report:

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