|Product Name||Crude Oil|
|Currency||US$ (Data can also be provided in local currency)|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Request for Real Time Crude Oil Prices: https://www.procurementresource.com/resource-center/crude-oil-price-trends/pricerequest
Crude Oil is an unrefined petroleum product. It is essentially a naturally produced, yellowish-black liquid that is most frequently discovered in subsurface geological formations.
Crude oil is extracted to be processed into chemical compounds and used as fuel. It is a mixture of liquid hydrocarbons that are relatively volatile. Crude oil is a sort of fossil fuel that is processed to create useful products like gasoline, diesel, and several other petrochemicals.
The top five crude oil-producing countries are the United States, Russia, Saudi Arabia, Canada, and Iraq.
Key Details About the Crude Oil Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Crude Oil price, rice price, coffee price, etc. in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Crude Oil price trend, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Crude Oil Price Trend:
Crude oil is essential for the manufacturing of clothing. Hence, it is employed in Polyester, rayon, nylon, and some fake furs.
It finds its application in the production of paraffin wax and asphalt. It is employed as a heating and lubricating oil in generating electricity, gasoline production, tar, and jet diesel and fuel.
Petroleum-based product, polyurethane foam, is often used in the production of furniture and cushions due to its durability.
Besides that, it is also extensively utilised in door liners, insulation, and moulded interior panes for shelving.
Key Market Players:
• Sinopec, Royal Dutch Shell,
• Saudi Arabian Oil Co.,
• China National Petroleum Corporation,
• BP p.l.c.,
• Exxon Mobil Corporation,
• Kuwait Petroleum Corporation,
• Total SA,
News and Events:
• July 13, 2022: The super-profits of refiners were reduced by a significant decline in the refining margins of diesel, gasoline, and ATF as well as a slowdown in crude oil prices from their peaks in June. On July 1, the government levied export taxes on gasoline, ATF, and diesel (at a rate of INR 6 per litre or USD12 a barrel), as well as a windfall tax on domestic oil production.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
Company Name: Procurement Resource
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