Use our industry guide to find key background information, market research, import and export guidelines, statistics, legislation, trade bodies and trade publications.
The Business & Industry Guides series is produced by the Library & Information Service for ICAEW members and ACA students.
We can compile tailored key players reports, mailing lists, market reports, benchmarking reports and industry news. Our enquiry team can also research other industry-specific information, such as taxation, for you. Call us on +44 (0)20 7920 8620 or email library@icaew.com.
Trends and forecasts
Energy Outlook
Annual publication from BP projecting long-term trends in energy production, trade and consumption around the world. The full report, individual region and country factsheets and Excel data tables are available to download.
Oil and gas industry outlook 2025
Annual publication from Deloitte exploring the trends shaping the global oil and gas industry.
Business and supply chain outlook 2024
Annual report from OEUK providing a comprehensive review of the UK’s offshore energy sector’s performance and future prospects.
Analysis from BDO of the global and UK oil and gas markets, published in October 2024. Areas explored include key trends and challenges, the economic contribution of the industry as well as its progress in tackling its climate impact.
Market research
Market research reports focusing on this business sector are available from a number of market research specialists. In most cases these reports are available to fee-paying subscribers or on a pay-as-you-go basis.
Some free information is available from the following market research specialists, ranging from industry news to executive summaries of the reports.
Euromonitor
Research reports for the oil and gas industry are available from Euromonitor, with a range of global, country and company level reports. Each report provides a contents listing and a useful executive summary reporting on the key trends in each country report.
IBISWorld
Business and industry research specialists offering reports on a wide range of sectors. Topics include crude petroleum extraction; natural gas extraction; petroleum and natural gas support activities; petroleum refining; and industrial gas manufacturing. Report snapshots, table of contents and a sample report are available. The company also produces global industry research reports.
Mintel
Report from Mintel covering the UK energy industry. The website includes a summary and the option to view a contents listing.
Industry news
Statistics on the UK
Department for Energy Security and Net Zero
The Department for Energy Security and Net Zero provides annual, quarterly and monthly statistics on supply, production, and trends in oil and gas.
Office for National Statistics
The Annual Business Survey (ABS) from the Office for National Statistics collects financial information covering UK production, construction, distribution and service industries. Statistics available include:
- number of enterprises;
- total turnover;
- approximate gross value added at basic prices;
- total purchases of goods, materials and services;
- total employment costs;
- total net capital expenditure;
- total net capital expenditure – acquisitions;
- total net capital expenditure – disposals;
- total stocks and work in progress – value at end of year;
- total stocks and work in progress – value at beginning of year;
- total stocks and work in progress – increase during year.
The dataset Non-financial business economy, UK: Sections A to S includes statistics for:
- Extraction of crude petroleum and natural gas (06)
- Support activities for petroleum and natural gas extraction (09.1)
See Section B: Mining and quarrying.
Statistics on Europe
Eurostat
Eurostat, the EU statistics hub, collates detailed Structural Business Statistics giving the latest figures for industry, construction, trade and services by sector and country. The indicators available include:
- number of enterprises
- turnover or gross premiums written
- production value
- value added at factor cost
- gross operating surplus
- wages and salaries
- social security costs
- gross investment in tangible goods
- gross investment in land
- gross investment in existing buildings and structures
- gross investment in construction and alteration of buildings
- gross investment in machinery and equipment
- number of employees
- number of persons employed per enterprise.
Statistics within the database are available for:
- Extraction of crude petroleum and natural gas (B06)
- Support activities for petroleum and natural gas extraction (B091)
See database section ‘SBS – industry and construction’.
Statistics on Asia
ASEAN
ASEAN, the Association of Southeast Asian Nations, produces an annual Statistical Yearbook which includes a section on oil and gas. Figures cover:
- crude oil production
- natural gas production
- petroleum products exports and imports
- crude oil exports and imports
- trends by country
- major markets of crude oil and petroleum products
- major suppliers of crude oil and petroleum products.
Global statistics
Energy Institute
The Energy Institute produces an annual Statistical Review of World Energy containing detailed data on reserves, prices, trade, production and consumption of different energy sources broken down by country, region and sector. Historical data is also available to download. The report covers oil, natural gas, coal, nuclear energy, hydroelectricity, renewable energy and primary energy.
International Energy Agency
The International Energy Agency (IEA) publishes several annual statistical reports on the sector, including Oil Information. Each report contains detailed country-by-country data and analysis of historical and current market trends. They can be purchased from the OECD and IEA bookshops.
INDSTAT
The UN Industrial Development Organization (UNIDO) collects and compiles industrial statistics known as INDSTAT, which give information on:
- number of employees
- number of establishments
- output
- value added
- total wages and salaries.
Statistics by country are available for:
- Refined petroleum products (2320)
UN Commodity Trade Statistics Database (Comtrade)
The UN compiles and publishes international import and export statistics in the Commodity Trade Statistics Database (Comtrade), giving figures for goods traded by value, quantity and weight for each country.
Statistics are available for:
- Mineral fuels, oils, distillation products, etc (27)
UN Industrial Commodity Statistics Database
The UN provides statistics on the quantity of goods produced by country in the Industrial Commodity Statistics Database.
Figures are available for:
- Crude petroleum and natural gas (12)
- Coke-oven gas (17)
- Gasworks gas (17)
Employment
UK
The Office for National Statistics publication Annual Survey of Hours and Earnings (ASHE) includes average employment costs within this sector which can be found in Table 14. Average employment costs are provided for full-time employees, part-time employees and all employees.
The data includes average employment costs for:
- managers in mining and energy;
- science and technology professionals;
- science and engineering technicians;
- chemical and related process operatives;
- energy plant operatives.
The annual Business Register and Employment Survey (BRES), published by the Office for National Statistics, includes total employee and employment estimates for different industries for Great Britain and the UK. Figures are broken down to show full-time/part-time and public/private splits. The dataset Industry – Business Register and Employment Survey (BRES): Table 2 includes statistics for:
- Extraction of crude petroleum and natural gas (06)
- Support activities for petroleum and natural gas extraction (091)
Other regions
Please see individual country profile pages for links to sources of national statistics.
Legislation and regulation
UK
The Health and Safety Executive (HSE) has a section on offshore oil and gas, which includes latest regulations affecting this industry.
The Department for Business, Energy & Industrial Strategy oil and gas website Oil and gas: offshore environmental legislation provides links to relevant regulations, codes of practice, reports and guidance notes.
Import and export
Trade Tariff
The Trade Tariff is a useful Gov.uk database listing tax, duties and licenses for the import and export of goods between the UK and other countries. The database is searchable by product or commodity code and results can be filtered by date and country. Information also includes links to relevant conditions and regulations.
See import and export information for:
UK key players, ratios and trends
UK benchmarking
We offer benchmarking reports that can be used to inform your own business strategy or help you identify value-added services to offer to your clients.
Contact the enquiry team directly on +44 (0)20 7920 8620 or at library@icaew.com for a report tailored to your own specific requirements.
Trade bodies
The websites of trade bodies and other organisations in this sector are a useful source of industry overviews, contacts and statistics.
UK
- Association of British Independent Oil Exploration Companies (BRINDEX)
- Association of Petroleum & Explosives Administration (APEA)
- Energy and Utilities Alliance
- Energy Institute
- The London Energy Brokers' Association (LEBA)
- NOF Energy
- OEUK
- PILOT
- Fuels UK
- OEUK Wells Forum
- Oil Industry Accounting Committee (OIAC)
Europe
- Eurogas
- European Association of Geoscientists and Engineers
- European Federation of Local Energy Companies (CEDEC)
Africa
Americas
- Center for Energy Accounting and Sustainability
- Institute of Petroleum Accounting
- Regional Association Of Oil, Gas and Biofuels Sector Companies in Latin America and the Caribbean (ARPEL)
Global
Trade journals and publications
Trade journals, B2B magazines and specialist consumer magazines are another useful source of news and statistics.
- Energy Digital
- Energy Intelligence – publisher of International Oil Daily, Natural Gas Week, Oil Daily, Oil Market Intelligence, Petroleum Intelligence Weekly and World Gas Intelligence
- Energy Risk
- Oil and Gas News (covering the Middle East and Asia-Pacific)
- Petroleum Economist
- Platform: Oil and Gas Technology Review
Further reading
Articles and books in the Library collection
To find out how you can borrow books from the Library please see our guide to book loans.
You can obtain copies of articles or extracts of books and reports by post or email through our document supply service.
Can't find what you're looking for?
The ICAEW Library can give you the right information from trustworthy, professional sources that aren't freely available online. Contact us for expert help with your enquiries and research.
Every effort has been made to ensure that the information given in this Business & Industry Guide is correct. However, the content of websites changes frequently and users should satisfy themselves that the information they contain is suitable for the purposes for which they wish to use it. We would be grateful to receive notification of any broken links at library@icaew.com.
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.
