Infiniti’s Market Research Solution Helped a Company in the Oil and Gas Industry Achieve Savings in Operating Costs by 24% | RFP for Similar Engagements for Your Business
LONDON--(BUSINESS WIRE)--Mar 18, 2020--
Infiniti Research, a leading market intelligence solutions provider, has recently announced the completion of its latest success story on market research solution for an oil and gas company. This success story highlights how Infiniti’s market research solution helped an oil and gas company to expand their existing refineries, adapt to price fluctuations, and achieve savings in operating costs by 24%.
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Infiniti’s Market Research Solution Helped a Company in the Oil and Gas Industry Achieve Savings in Operating Costs by 24% (Graphic: Business Wire)
Business Challenge: A US-based oil and gas company heavily depended on imported crude oil. As a result, they faced difficulties in efficiently managing supply and demand requirements. They wanted to reduce dependency on foreign countries for petroleum and crude oil by expanding their existing oil refineries and setting up new refineries under the joint sector. To do so, they needed help in exploring new reserves, analyzing changes in prices of oil and petroleum goods in the US, devising a market-determined pricing system, and identifying profitable opportunities for growth. They approached the experts at Infiniti Research to leverage their expertise in offering market research solution.
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Our Approach: To help the client tackle the above-mentioned challenges, the experts at Infiniti Research conducted market research, market intelligence, market scanning and monitoring, competitive intelligence, and demand management study. The experts also analyzed the price fluctuations, emerging regulations, and pricing strategies in the US oil and gas industry.
Business impact of the market research solution for the oil and gas company:
- Forecasted the product demand and managed the demand-supply gap
- Identified foreign countries with the lowest export duties
- Met requirements of various drilling and refining machinery
- Adapted to price fluctuations
- Identified profitable markets for expansion
- Expanded existing refineries and set up new refineries
- Achieved savings in operating costs by 24%
You may also like to read some of our market research success stories:
- Market Research Engagement Helped a Flexible Packaging Firm to Enhance Sales by 23%
- Vegan Food Retailer Gained 40% Growth in Sales Using Custom Market Research
- Realizing Savings of over $3.7 Million for a Retail Company – Market Research Engagement
Want to know how our services can help companies in the oil and gas market to streamline their business functions? Request more info and our experts will get in touch with you with comprehensive insights.
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
View source version on businesswire.com:https://www.businesswire.com/news/home/20200318005417/en/
CONTACT: Infiniti Research
US: +1 844 778 0600
UK: +44 203 893 3400
INDUSTRY KEYWORD: MARKETING COMMUNICATIONS ENERGY OIL/GAS
SOURCE: Infiniti Research
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PUB: 03/18/2020 11:03 AM/DISC: 03/18/2020 11:03 AM