LONDON--(BUSINESS WIRE)--Infiniti Research’s team of industry experts and analysts are constantly monitoring the business impact of the COVID-19 crisis across sectors to help organizations prioritize response, mitigate risk, and continuously monitor the economic adversities on their business. To help companies across sectors to make headway against the adversities of the coronavirus outbreak on business operations, Infiniti presents immediate, impactful, and in-depth insights and action plans to navigate the crisis.
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Large scale travel bans and isolation measures by governments across countries could cause significant ramifications to the global oil and gas industry. Players in the oil and gas sector are already grappling with the appropriate response to the coronavirus crisis in terms of employee safety, declining customer demand, business stability, as well as the Saudi/Russia price war due to the recent fallout. According to experts at Infiniti Research, some of the key consequences of COVID-19 on the oil and gas sector will include:
- Demand erosions are likely to continue through Q4 of 2020 and well into early 2021
- The current oil price war could be short-lived owing to the increased economic dependence on the sector
- More number of oil and gas companies are likely to focus on a flexible business model to build long term resilience
Request a free proposal to know more about the implications of COVID-19 on the oil and gas sector and how Infiniti can help companies in the sector overcome the crisis.
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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