According to the study, The Use of Advanced Technologies like Digital Oilfield, IoT, and AI for New Exploration and Production of Oil & Gas is one of the primary growth factors for the market. Increasing Demand for Crude Oil and Natural Gas to Generate Electricity and Heating & Cooling Buildings is also expected to contribute significantly to the Crude Oil and Natural Gas market. Overall, Domestic applications of Crude Oil and Natural Gas, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as ExxonMobil (United States), Reliance Industries (India), Chevron Corporation (United States), Adani Welspun (India), TotalEnergies (France), Saudi Aramco (Saudi Arabia), BP plc (United Kingdom), Eni S.p.A. (Italy), Rosneft (Russia), Kuwait Petroleum Corporation (Kuwait), Equinor (Norway), SBM Offshore (Netherlands), Abu Dhabi National Oil Company (United Arab Emirates), ConocoPhillips (United States) and Petrobras (Brazil) pushing strong cash flow in Market which is also a key in driving revenue growth.

AMA’s Analyst on the Global Crude Oil and Natural Gas market identified that the demand is rising in many different parts of the world as "Increasing Application of Natural Gas like CNG and LNG in the Passenger Cars and Other Domestic Vehicles Due to Low Price and Easy Availability ". Furthermore, some recent industry insights like "In April 2021, Reliance Industries and BP started the production from the Satellite Cluster gas field in block KG D6 offshore eastern India to meet growing gas demand. With collaboration, both the company will produce gas from four reservoirs via five wells with peak production and will deliver approximately 1 bcf/d by 2023." is constantly making the industry dynamic. One of the challenges that industry facing is "Prevalence of Electric Vehicles Across the Globe Can Create the Challenges for Light Crude Oils in the Future"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Crude Oil and Natural Gas market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Crude Oil and Natural Gas market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Crude Oil and Natural Gas market tight?
• Which application/end-user category or Product Type [Crude Oil {Very Light Oils, Light Oils, Medium Oils, Heavy Fuel Oils} and Natural Gas {Methane, Ethane, Butane, Propane}] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Crude Oil and Natural Gas market and other related sub-markets covered in the study.

o Key & emerging players in the Crude Oil and Natural Gas market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Crude Oil and Natural Gas market size is calculated using market estimation process, the Crude Oil and Natural Gas market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Crude Oil and Natural Gas market size has been validated using both top-down and bottom-up approaches.