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| Report Features | Details |
| Product Name | Fuel Oil |
| Industrial Uses | Electricity Generation, Machinery, Liquid Fuel |
| Region/Countries Covered |
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| Currency | US$ (Data can also be provided in local currency) |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Request for Real Time Fuel Oil Prices: https://www.procurementresource.com/resource-center/fuel-oil-price-trends/pricerequest
Fuel oil is basically a byproduct of petroleum distillation. When it reaches a boiling point above 250 degreedegrees Celsius, it is burned on a boiler or in a furnace to provide heat for an engine or to produce power. It is also known as furnace oil and is primarily extracted from the crude oil fractional distillation.
All types of fuels can be made from the crudecrude oil derivatives. It is used to power appliances used for home heating, including furnaces, boilers, and varietya variety of stoves and lamps.
Saudi Arabia, Canada, Russia, the United States of America, and the United Arab Emirates are the top five producers of fuel oil globally.
Key Details About the Fuel 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 Fuel Oil price, nickel price, soybean 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 Fuel Oil price trend, pricing database, and analysis can prove valuable for the 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 Fuel Oil Price Trend:
It is used as an energy source for heating, electrical production, and automated fuel. Fuel oil is used to produce electricity in power plants as well as diesel fuel, which is used in heavy engines like buses, boats, and other vehicles. Heating oil is also used in boilers and furnaces.
Key Market Players:
• BP plc
• Exxon Mobil Corporation
• PetroChina Company Limited
• SINOPEC Fuel Oil Sales Corporation Limited
• Royal Dutch Shell Plc
News and Events:
• September 21, 2022: The oil marketing company of Iraq recently exported a batch of gasoline oil that was contaminated by a chemical cleaner. About 600,000 to 70,000 tonnes of high-sulfur straight-run fuel oil were included in the contaminated oil. It contained organic chlorides in concentrations ranging from 90 to 130 ppm.
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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 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.
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