In 2023, the oil and gas sector faced volatility in international crude oil prices due to geopolitical tensions, supply cuts, and demand concerns. Crude prices fell from $80 per barrel due to subdued demand, then rose to $90 with OPEC+ supply cuts and Middle-East tensions, but ended the year below $80 due to oil oversupply.
/PRNewswire/ The wind turbine gearbox market size is expected to grow by USD 4.23 billion from 2022 to 2027. In addition, the growth momentum of the market.