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Global Crude Oil - Procurement Market Intelligence Report

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    Report

  • 102 Pages
  • March 2018
  • Region: Global
  • SpendEdge
  • ID: 4497566
About Crude Oil Market

Crude oil is a naturally occurring chemical, made of hydrocarbon deposits and other organic materials. It is refined to obtain various petrochemical products such as gasoline, diesel, LPG, and ethylene. The three major grades of crude oil used as benchmarks for evaluating the quality of crude oil extracted are West Texas Intermediate, Brent Crude, and Dubai Crude. The derivatives of crude oil include gasoline, diesel fuel, LPG, naphtha, kerosene, and asphalt.

The global crude oil market is growing due to an increase in consumption of primarily crude oil products such as gasoline and diesel. This is mainly due to high economic growth in countries such as India, China, and the US leading to an increase in sales of vehicles in these countries. Moreover, the switch to alternative fuels such as natural gas and biofuels from crude oil by buyers due to growing concerns regarding pollution caused by burning of crude oil products is resulting in a minimal growth in the overall demand for crude oil.

Covered in this report

The report provides actionable insights to improve source-to-contract cycle performance in the Global Crude Oil Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.

The report, Global Crude Oil Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

Category drivers
  • The steady demand for petrochemical products

  • For a full, detailed list, view our report


Category constraints
  • Sourcing limitations due to import duties

  • For a full, detailed list, view our report


Procurement best practices
  • Engage in consortium buying

  • For a full, detailed list, view our report


Key questions answered in this report
  • What are the market dynamics?

  • What are the key market trends?

  • What are the category growth drivers?

  • What are the constraints to category growth?

  • Who are the suppliers in this market?

  • What are the demand-supply shifts?

  • What are the major category requirements?

  • What are the procurement best practices in this market?


You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

Table of Contents

PART 1: CATEGORY AT A GLANCE
  • TAKEAWAY 01 - Market Overview

  • TAKEAWAY 02 - Demand and Supply Snapshot

  • TAKEAWAY 03 - Key Market Dynamics

  • TAKEAWAY 04 - Supply Market Highlights

  • TAKEAWAY 05 - Pricing Insights

  • TAKEAWAY 06 - Procurement Insights


PART 2: SCOPE OF THE REPORT
  • Category Definition

  • Research Methodology


PART 3: MARKET INSIGHTS
  • Category Spend Analysis

  • Category Maturity by Regions

  • Demand-Supply Shifts

  • Regional Demand-Supply Snapshot

  • Global Crude Oil Production Hubs

  • Market Developments

  • Regional Impact of Trends

  • Key Category Growth Drivers and Corresponding Regional Impacts

  • Major Category Growth Constraints and Corresponding Regional Impacts

  • Key Current Technological Innovations

  • Major Regulatory Frameworks

  • Strategic Sustainability Practices

  • Porter’s Five Forces

  • PESTLE Analysis


PART 4: SUPPLY MARKET INSIGHTS
  • Supplier Operational Capability Matrix

  • Other Prominent Suppliers by Region: Operational Capability Matrix

  • Supplier Functional Capability Matrix

  • Other Prominent Suppliers by Region: Functional Capability Matrix

  • Key Clients/Partners

  • Supplier Cost Breakup

  • Supplier Positioning Matrix


PART 5: PRICING INSIGHTS
  • Pricing Models Snapshot

  • Pricing Models - Pros and Cons

  • Indicative Pricing


PART 6: PROCUREMENT INSIGHTS
  • Major Category Requirements

  • Major Procurement Pain Points

  • Category Sourcing Evolution Matrix

  • Procurement Best Practices

  • Cost-saving Opportunities

  • Supplier Selection Criteria

  • Category Negotiation Strategies

  • SLA Terms

  • Supplier Evaluation Criteria

  • Category Risk Analysis


PART 7: TOP FIVE SUPPLIERS
  • ExxonMobil

  • Royal Dutch Shell

  • Total

  • CNPC

  • BP


PART 8: APPENDIX
  • Glossary

  • Key Notes

Executive Summary

New Report Released: Global Crude Oil Category - Procurement Market Intelligence Report 2018-2022.

The author of the report recognizes the following companies as the key suppliers in the Global Crude Oil Category - Procurement Market Intelligence Report: ExxonMobil, Royal Dutch Shell, Total, CNPC, and BP.

Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to enter into offtake agreements with suppliers.”

According to the report, one of the key growth contributors for the global crude oil market is the rise in demand for primary crude oil products such as gasoline.

Further, the report states that major procurement challenge experienced by the buyers is the high cost of lighter and sweeter crude oil.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.

Companies Mentioned

  • ExxonMobil
  • Royal Dutch Shell
  • Total
  • CNPC
  • BP

Methodology

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