We can compare the downstream fuel supply chain to an ecosystem. Many parts work together to form a lengthy, synergetic process. Like an ecosystem, each piece of the supply chain relies on the other parts to be effective. For example, the downstream supply chain includes buyers, suppliers, terminals, and carriers—each of these shares many of the same challenges.
Cost and revenue drivers vary slightly within the upstream, midstream, and downstream oil and gas sectors, as their functions are different within the industry. No matter where your business lies within the gas and oil industry stream, better decision-making begins with better intelligence.
If you sell fuel, you know the importance of good pricing decisions. Good pricing decisions do more than protect your profit margins. It improves the buying loyalty of your current accounts and improves the chances that you will be introduced to new buyers. However, your fuel pricing strategy does not just take into account what competitors are doing when it comes to fuel pricing strategies; it also considers what consumer trends exist and how the market is reacting to any changes.
Global gas and oil supply issues could make this winter more challenging. Explore the reasons behind the concerns and learn what you could expect this season in Brian Milne’s latest blog.
Oil largely shrugged off the larger-than-expected builds in petroleum product supplies for the week ended Dec. 31 amid a “growing market consensus that the latest wave of COVID and accompanying decline in demand will be short-lived.”
The retail sector of fuel prices is obviously the most visible to the public – it’s displayed prominently along the street in giant neon numbers for everyone to see. There are even flyers and coupons delivered to advertise gas prices in some countries. But what about wholesale fuel? What is the difference between wholesale fuel and retail fuel?
Shifting consumer behavior and supply chain hold-ups are both affecting refined fuels demand. Read our analysis for details.
The difference between upstream oil production and downstream refined fuels delivery is important. If your company is only concerned with downstream operations, do you need to understand the entire supply chain fully? Yes! You know that your processes do not exist in a vacuum. The actions in upstream oil and gas ripple throughout the industry and affect downstream refined fuel production.
Learn how Texican Horizon Energy Marketing uses these insights to optimize customer interactions.
Actual temperature of fuel matters. Why? It could cost you more than you realize. Get your FREE sample report to see how you’ll benefit from TCI.
Comprehensive weather insights help safeguard your operations and drive confident decisions to make everyday mining operations as safe and efficient as possible.