Our customers consistently come for the latest updates because we publish as soon as data is available
Irvine, CA (Vocus) July 9, 2010
Supplier Relations US, a leading market research firm, publishes its latest petroleum and oil refinery market research report. The petroleum and oil refinery industry, responsible for the creation of vital petroleum products and one of the largest US industries, is considered a driving force for the overall US economy.
This latest report arrives with fresh data and analysis on industry inventory and shipments data through April of this year. Over a 16 month period beginning January of 2009, the two months of March and April achieved record shipment numbers. The shipment number in April reached $54 billion USD, nearly 40% above the same period last year. The inventory levels reflected a similar trend, peaking beyond $44 billion USD in February, reflecting the expectation of growth in demand. These results come as a huge welcome to the industry, as 2009 revenues, approximated for the overall industry at $425 billion, suffered a near 40% drop compared to the previous year. Given the current observed trend, 2010 may likely rebound and far exceed original projections of 10-15% growth.
The frequency of the updates on this report make it a valuable resource for industry experts. "Our customers consistently come for the latest updates because we publish as soon as data is available" claims Jacqueline Smith, one of the firm's analysts. "The reason this current edition is so important because the latest 2010 data will guide forecasts for the remainder the year; our clients couldn't wait to receive this latest update."
Also widely lauded for its broad scope, this market research report on the US petroleum refinery industry comes in at 177 pages and breadth of detail. While covering the industry with a top down economic perspective, it doesn't neglect vital statistics at various levels. For instance the detailed state by state establishments data not only confirms what most people assumed -Texas and California dominate in number of establishments and employees - but backs the data in hard numbers. Along the line of employment details, the industry structure section provides statistics on oil refinery jobs. And the important international trade data covers the top trade partners of the US that account for the 17% compound annual growth rate experienced over the past 3 years (even with the 2009 decline.) The report's trade data is recent enough to include the entire first quarter of the year.
"Sometimes we receive comments that the amount of information is overwhelming, and we could condense the industry report" says Smith. "I always encourage analysts to first be selective in their scope of interest, and then to take their time to digest all the data. After all, the petroleum refinery industry itself is so vast and important, we'd be remiss to leave something out."
Key Topics Covered:
Relevant financial data including: Revenue, Cost of Materials, Labor Costs, Gross Profit, SG&A, Net Income
Industry Cost and Pricing Analysis
Industry International Trade Data
Upstream Industries, Downstream Industries
Competitive Landscape, Industry Concentration, Number of Companies, Market Share Ranges
For more information and quarterly updates on the Petroleum and Oil Refineries in the U.S., please visit the webpage for the Oil Refineries industry report.
About Supplier Relations US
Supplier Relations US LLC is an independent U.S. based market research publication firm founded in 2004. The company publishes more than 800 industry reports and company reports within the U.S. manufacturing sector that are commonly used for in-depth industry analysis and reference, benchmarking and forecasting. For more information and market analysis, please visit http://www.SupplierRelationsUS.com/