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ProcurementIQ’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. ProcurementIQ’s Bunker Fuel procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Bunker Fuel - Recent Price Trend

During the three years to 2018, the price of bunker fuel has been rising at an estimated annualized rate of 2.8%, to buyers’ benefit. Price increases have largely been the result of significant growth in the world price of crude oil. Moreover, growth in demand has further prompted price increases.Global production of crude oil declined significantly for much of the last three years. OPEC has.

Bunker Fuel - Total Cost of Ownership

Total cost of ownership for bunker fuel is low, but can fluctuate depending on the intended use for the product. For example, buyers that need to store bunker fuel for later distribution will face costs associated with purchasing and maintaining a storage container. Overtime, residue from the heavier components of bunker fuel may separate and collect on the bottom of the container, so containers.

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About this Report

This report is intended to assist buyers of bunker fuel, which is a fuel produced by a refining process called fractional distillation. It is also known as bunker crude, marine fuel, fuel oil or residual fuel. Bunker fuel is thicker and heavier than most other fuel types, making it suitable to power large marine engines. This report covers all bunker fuels, but excludes other types of fuel, such as gasoline, propane and jet fuel. Key buyers of bunker fuel include shipping companies, cruise lines and the United States Navy. Key suppliers are crude oil refiners, while distributors and wholesalers also serve the market.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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