An Oil and Gas Company Achieved Savings in Operating Costs by 24% By Leveraging Market Research Solution | Request a FREE Proposal for Similar Engagements for Your Business | Infiniti Research
LONDON--(BUSINESS WIRE)--Dec 20, 2019--
Infiniti Research, a leading market intelligence solutions provider, has recently announced the completion of its latest success story on market research solution. This success story highlights how the experts at Infiniti Research helped an oil and gas company to expand their existing refineries, manage demand-supply gaps, and realize savings in operating costs by 24%.
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Increasing dependency on foreign countries for raw materials, shortage of petroleum and crude oil, inadequate oil refining capacity, and lack of market-determined pricing strategies are some of the major challenges faced by companies in the oil and gas industry. Owing to such challenges, oil and gas companies will need to expand existing refineries and explore new reserves to gain a competitive advantage in the market. Also, keeping pace with industry developments and market changes is becoming inevitable for businesses.
Want to identify the latest technologies and processes gaining popularity in the oil and gas industry? Our market intelligence experts can help. Request a free proposal today.
The business challenge: The client is an oil and gas company in the United States. Owing to the shortage of petroleum and crude oil, they had to depend too much on imported crude oil. This increased demand-supply gap in the company. The client, therefore, wanted to thoroughly analyze the market landscape, analyze changes in prices of oil and petroleum goods in the US, and explore new reserves. They chose to partner with Infiniti Research to leverage their expertise in offering market research solution.
Designing and executing an effective strategy requires oil and gas companies to have a clear understanding of the rapid market changes and industry developments. Our market research analysts can help you achieve these objectives. Contact us today.
The solution offered: The experts at Infiniti Research followed a four-phased approach – market intelligence engagement, market scanning and monitoring, competitive intelligence, and demand management.
The insights obtained from Infiniti’s market research solution helped the client to identify foreign countries with the lowest import duties. Also, the client was able to understand the factors impacting the oil prices in the US and adapt to price fluctuations in the market. Besides, the client was able to efficiently manage the demand-supply gaps.
The oil and gas industry client was also able to expand their existing refineries and better compete in the market. The client was able to achieve savings in operating costs by 24%, within one year.
Infiniti’s market research solution helped the client to:
Infiniti’s market research solution offered predictive insights on:
Read the complete success story for comprehensive insights: Analyzing the Market Landscape of the US Oil and Gas Industry Using Market Research Solution
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us
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CONTACT: Infiniti Research
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INDUSTRY KEYWORD: OIL/GAS ENERGY
SOURCE: Infiniti Research
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PUB: 12/20/2019 11:03 AM/DISC: 12/20/2019 11:03 AM