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Machine Condition Monitoring Market report also sheds light on supply chains and the changes in trends of upstream raw materials and downstream distributors.
Crude fell towards $100 a barrel as rising Chinese COVID cases threatened the demand outlook.
Here's a look at the energy trade between Europe and Russia after the EU banned coal, but stopped short of an embargo on oil and gas for now.
Oil rose on Wednesday despite the dollar hitting two-year highs, while the EU banned Russian coal imports but left crude and gas untouched for now.
Oil prices jumped as much as 3% on Monday as Saudi Arabia raised prices for its customers across the globe to record highs