Considered being the biggest sector in the world in terms of dollar value, the oil and gas sector is a global powerhouse using hundreds of thousands of workers worldwide and generating hundreds of billions of dollars globally each year.
In this introduction to the oil and gas industry, we provide a snapshot of the petroleum sector.
What is the largest volume of products?
The largest volumes of products of the oil and gas industry are fuel oil and gasoline (petrol). Petroleum is the primary material for a multitude of chemical products, including pharmaceuticals, fertilizers, solvents, and plastics. Petroleum is therefore integral to many industries and is of critical importance to many nations as the foundation of their industries.