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Request for Real Time Diesel Prices: https://www.procurementresource.com/resource-center/diesel-price-trends/pricerequest
Diesel is a liquid fuel that is principally used in diesel engines. It is one of the most popular and commonly utilised fuels for vehicles like cars, and serves as an energy source for various diesel-based vehicles. In addition to petroleum, it is manufactured using a variety of different materials, including biomass, natural gas, animal fat, biogas, and others.
Diesel fuel is produced from crude oil. The viscous liquid is heated to high temperatures and transformed into a vapour during the refining process of crude oil, changing it from viscous dark thick oil into considerably lighter diesel fuel. The acquired vapour is then transported to a fractional distillation tower, where it rises, starts to cool, and the hydrocarbon chain is transformed into a liquid, hence generating diesel fuel.
The top diesel-producing countries are the United States, Canada, Iran, Russia, and Saudi Arabia.
Key Details About the Diesel 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 Diesel 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 Diesel 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 Diesel Price Trend:
Diesel fuel is extensively used in trucks, trains, boats, and barges. Because diesel is less flammable and explosive than other fuels, it is employed in tanks and trucks of the U.S. military.
It is also used in most farming and construction equipment. Besides that, it is also utilised in the marine and mining industries. Many industries, such as large buildings, institutions, hospitals, and electric utilities, use diesel fuel for emergency power supply.
Other than that, it is also employed in the operation of power plants and telecommunication towers
Key Market Players:
• Chevron Corporation,
• Robert Bosch GmbH,
• Ishtar Company LLC,
• PJSC Gazprom,
• Royal Dutch Shell Plc,
• Exxon Mobil Corporation,
• PetroChina Company Limited
News and Events:
• January 05, 2022: It was recently reported that the Hyundai Motor Group had stopped developing gasoline and diesel engines at its South Korean R&D Facility. The Hyundai Motor Group reportedly disbanded its engine development centre and reallocated R&D staff to concentrate on the development of electric vehicles, including research on cutting-edge battery technologies.
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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 tracks 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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