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| Product Name | Crude Oil |
| HS Code | 15155010 |
| Synonyms | Black gold |
Region/Countries for which Data is available |
|
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | Our services can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after service delivery |
Request for Real Time Crude Oil Prices: https://www.procurementresource.com/resource-center/crude-oil-price-trends/pricerequest
The unrefined petroleum product is Crude Oil, it is a naturally occurring blackish yellow liquid which is extensively found in geological interpretations under the earth’s surface. Crude oil is a mixture of volatile liquid hydrocarbon.
Crude oil is processed into various chemical products and is extracted for burning as fuel. Crude oil is referred to as Black Gold. It is produced through the separation of appropriate elements and extensive extraction.
The top crude oil producing countries are Russia, Canada, Saudi Arabia, Kuwait, the United States, and Iraq. On the other hand, the leading importers are India, Japan, the United States, China, and South Korea.
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 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 chart, 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:
Industrial uses impacting the Crude Oil price trend primarily include the production of gasoline, tar, lubricating oil, asphalt, paraffin wax, and jet diesel and fuel. Crude oil is also employed as a feedstock for polyurethane, solvents, plastics and in the manufacturing of various medicines.
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,
• LUKOIL
News and Events:
• November 15, 2022: Due to rising COVID-19 cases and subsequent lower fuel consumption in China, the top crude importer, the crude oil prices decreased by USD 1 a barrel.
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About Us:
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.
Contact Us:
Company Name: Procurement Resource
Contact Person: Jolie Alexa
Email: sales@procurementresource.com
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