Key Takeaways:
- General Index is a new startup looking to disrupt traditional oil price reporting with innovative technology.
- Founded in 2020, the company has grown dramatically since its inception and is acquiring a global footprint.
- Through a disruptive, consistent and compliant approach, General Index could set new benchmarks in the oil industry.
Founded in 2020 by Neil Bradford, General Index is a startup company offering a fresh take on traditional Price Reporting Agencies (PRAs) within the oil industry. Based in London, England, this innovative company is steadily gaining global reach through additional offices in Singapore and Houston. Created in response to industry demands, General Index is committed to providing a higher level of transparency in market reporting.
Teaming potentially disruptive tech methodology with strategic partnerships with some of the world’s largest International Oil Companies (IOCs), National Oil Companies (NOCs) and global traders, General Index has achieved considerable growth since its inception. With a continued commitment to further investment in its unique tech-led methodology, General Index is steadily introducing change in a traditionally rigid industry.
The truly differentiating factor of General Index lies in its unconventional approach to price reporting. By adopting a tech-led method, the startup demonstrates a commitment to transparency, consistency and compliance in an industry often riddled with opacity. This innovative approach offers the potential to challenge and reshape established practices, making General Index a disruptive newcomer in the oil and gas industry.
Furthermore, the startup’s decision to partner with some of the world’s largest oil corporations and traders has allowed it to grow and expand rapidly. This, coupled with its consistent approach, presents a compelling startup strategy that stands out in the industry. What sets General Index apart from other startups is, undoubtedly, its convergence of innovative technology, strategic partnerships and a strong commitment to disrupting established practices.
Looking forward, the impact of General Index in the oil and gas industry could be profound. Their disruptive yet compliant approach to price reporting implies their potential to set new benchmarks in the industry. With continuous investment in their unique methodology and increasing global footprint, General Index is well-positioned to bring about substantial change in one of the world’s most critical industries.
Given the considerable growth General Index has experienced since its inception, there is palpable optimism for its future. The novel approach could pave the way to a more transparent, consistent and equitable oil and gas industry. Follow them on their journey through their website, Twitter, and LinkedIn to stay updated on their groundbreaking work.
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