Industries like manufacturing, plastic, freight shipping always crave petroleum products. As we all know the prime commodity – oil is volatile. So, the search for high-quality fuel at a stable cost remains constant.
Noil – a Chicago-based fuel distribution company is prestigiously known as one of the country’s leading fuel and other petroleum products suppliers. The company is leading the fuel market with high-quality fuel at a moderate price for more than 60 years. It has a strong distribution chain across the US that helps them to deliver fuel on time. Not only that, Morrell Steve Neely– the CEO of Noil has also confirmed that they can provide individual fuel solutions and cost management programs to each of the clients. The client database includes various renowned names like Southwest Airlines, the US Department of Defense, several hedge funds etc.
The basic success formula:
The company has successfully fulfilled the target of growing revenue of 400 million dollars in 2018. In the next year, they have met the projected revenue of $3 billion. The success formula is simple – fewer middlemen can cut down the cost to a moderate level. The company itself represents some leading oil majors such as Exxon-Mobile, Shell, Vitol, Phillips 66 etc. it sells fuel to wholesalers to supply various gas stations and other clients.
Sometimes, Noil directly sells to several organizations that require diesel, gasoline, lubricants, jet fuel and other petroleum products. In the recent past, a major company from the Northeast has signed an annual contract of $2.4 billion with Noil for supplying fuel through 12 East Coast terminals.
Morrell Steve Neely has confirmed the collaboration by stating that the companies hereby help each other whereas their first priority is to supply religiously to the customers all over the country. Now, they will go through suppliers who are buying fuel from these two companies rather than buying from someone from the top of the supply chain.