Industry Analysis & Industry Trends
This industry has expanded on average during the past five years, but revenue exhibited high volatility. During the recession, global demand for crude oil and petroleum products plummeted, and prices quickly followed, causing industry revenue to contract. The industry has grown since then, albeit slowly because of pipeline shortages in North America. Growth during the next five years is contingent on the successful completion of export pipelines. As exports rise, domestic prices will converge to higher international prices. Rising prices and steady consumption growth are forecast to drive up both the industry's revenue and profit... purchase to read more
Industry Report - Industry Products Chapter
Industry operators distribute a variety of refined petroleum products to retail gasoline stations and industrial facilities.
In contrast to the United States, crude oil accounts for the bulk of petroleum wholesaling revenue in Canada. Canada's Petroleum Refining industry (IBISWorld report 32411CA) is comparatively smaller than the United States and lack the capacity to fully process domestic crude oil production. As a result, in addition to distribution crude oil to domestic refineries, Canadian oil extractors rely on wholesalers to transport and distribute crude oil to terminals and storage facilities in order to export oil to the United States and the rest of the world... purchase to read more