NAICS Code 424710-04 - Oil-Bulk-Dealers (Wholesale)

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NAICS Code 424710-04 Description (8-Digit)

Oil-Bulk-Dealers (Wholesale) is an industry that involves the wholesale distribution of crude oil, refined petroleum products, and lubricating oils. These dealers purchase large quantities of oil from refineries and then sell it to various businesses, such as gas stations, airlines, and shipping companies. They are responsible for storing, transporting, and delivering oil to their customers.

Hierarchy Navigation for NAICS Code 424710-04


Tools commonly used in the Oil-Bulk-Dealers (Wholesale) industry for day-to-day tasks and operations.

  • Tanker trucks
  • Oil storage tanks
  • Pumps and hoses
  • Flow meters
  • Valves and fittings
  • Oil spill containment equipment
  • Safety gear (e.g. hard hats, gloves, safety glasses)
  • Computer software for inventory management and logistics
  • Fuel quality testing equipment
  • Maintenance tools for oil storage tanks and pumps

Industry Examples of Oil-Bulk-Dealers (Wholesale)

Common products and services typical of NAICS Code 424710-04, illustrating the main business activities and contributions to the market.

  • Aviation fuel distributors
  • Marine fuel distributors
  • Industrial lubricant distributors
  • Heating oil distributors
  • Asphalt manufacturers
  • Chemical manufacturers
  • Power generation companies
  • Railroad companies
  • Mining companies
  • Construction companies

Certifications, Compliance and Licenses for NAICS Code 424710-04 - Oil-Bulk-Dealers (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Hazardous Materials Endorsement (HME): Required by the Transportation Security Administration (TSA) for drivers who transport hazardous materials. This endorsement is added to a commercial driver's license (CDL) and requires a background check and fingerprinting.
  • Spill Prevention, Control, and Countermeasure (SPCC) Plan: Required by the Environmental Protection Agency (EPA) for facilities that store, handle, or transport oil or petroleum products. The plan outlines measures to prevent oil spills and how to respond in case of a spill.
  • National Pollutant Discharge Elimination System (NPDES) Permit: Required by the EPA for facilities that discharge pollutants into US waters. The permit outlines limits on the amount and type of pollutants that can be discharged.
  • Occupational Safety and Health Administration (OSHA) Hazard Communication Standard (HCS) Training: Required by OSHA for employees who work with hazardous chemicals. The training covers how to identify and handle hazardous chemicals, as well as how to read safety data sheets (SDSs) and labels.
  • International Maritime Dangerous Goods (IMDG) Code: Required by the International Maritime Organization (IMO) for the safe transportation of dangerous goods by sea. The code outlines requirements for packaging, labeling, and documentation of dangerous goods.


A concise historical narrative of NAICS Code 424710-04 covering global milestones and recent developments within the United States.

  • The "Oil-Bulk-Dealers (Wholesale)" industry has a long and rich history worldwide. The industry started in the early 1900s when oil was first discovered in the United States. The first oil well was drilled in Pennsylvania in 1859, and by the early 1900s, the oil industry was booming. The industry grew rapidly during World War I and World War II, as oil was needed for the war effort. In the 1950s and 1960s, the industry continued to grow, and new technologies were developed to extract oil more efficiently. In recent history, the industry has faced challenges due to the increasing demand for renewable energy sources and the decreasing demand for fossil fuels. In the United States, the industry has been impacted by the shale revolution, which has led to a decrease in oil imports and an increase in domestic production. Despite these challenges, the "Oil-Bulk-Dealers (Wholesale)" industry remains an important part of the global economy.

Future Outlook for Oil-Bulk-Dealers (Wholesale)

The anticipated future trajectory of the NAICS 424710-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Oil-Bulk-Dealers (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for petroleum products in the country. The growth in the construction and transportation sectors is also expected to drive the demand for petroleum products. However, the industry may face challenges due to the increasing competition from alternative energy sources and the growing concern for the environment. The industry players are expected to focus on innovation and sustainability to stay competitive in the market.

Industry Innovations for NAICS Code 424710-04

Recent groundbreaking advancements and milestones in the Oil-Bulk-Dealers (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Use Of Iot Technology: The industry is adopting IoT technology to improve the efficiency of operations and reduce costs. IoT sensors are being used to monitor the inventory levels, track the movement of products, and optimize the supply chain.
  • Use Of Renewable Energy: Some industry players are investing in renewable energy sources such as solar and wind to reduce their carbon footprint and meet the growing demand for sustainable energy.
  • Development Of Biofuels: The industry is investing in the development of biofuels to reduce the dependence on fossil fuels and meet the growing demand for sustainable energy.
  • Use Of Automation: The industry is adopting automation to improve the efficiency of operations and reduce costs. Automation is being used to optimize the supply chain, reduce manual labor, and improve safety.
  • Expansion Of Product Portfolio: Some industry players are expanding their product portfolio to include lubricants, chemicals, and other related products to diversify their revenue streams and stay competitive in the market.

NAICS Code 424710-04 - Oil-Bulk-Dealers (Wholesale)

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