As defined by the U.S. Geological Survey (USGS), heavy oil is a type of crude oil characterized by ... Also known as "oil sands," bitumen shares the attributes of heavy oil but is even more ...

Bitumen market size is expected to be worth around USD 83.2 Bn by 2033, from USD 61.9 Bn in 2023, growing at a CAGR of 3.0%.