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Global Crude Oil Category - Procurement Market Intelligence Report

Global Crude Oil Category - Procurement Market Intelligence Report

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.

SpendEdge’s 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 driver

  • 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?


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
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