Trayport Contigo ETRM / CTRM
ComTechAlert Sign up today

Gary Vasey - Author Archive

What Happened to Peak Oil?

About a decade ago, the peak oil concept was very popular. The argument went that oil was a finite resource and that the peak output level and decline was shortly to arrive as demand exceeded supply. A number of people even expanded on this basically accusing the Saudis of ‘lying’... continue reading

U.S. crude inventories slump amid near record refining: EIA

By David Gaffen U.S. crude oil inventories fell for the seventh straight week as refiners processed a near record amount of crude last week, the Energy Information Administration said on Wednesday, even as gasoline and distillate stockpiles also dipped. Crude inventories fell 4.4 million barrels in the week ended May... continue reading

Moody’s downgrades China, warns of fading financial strength as debt mounts

By John Ruwitch and Yawen Chen | SHANGHAI/BEIJING Moody’s Investors Service downgraded China’s credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise. The one-notch downgrade... continue reading

A Trip To London – An Emerging Technology Theme

Last week, both Patrick and I were in London. It was a busy week and we managed to visit a lot of people in the industry over the course of the week. One recurrent theme that we picked up was changing technology. Whether discussions about the impact of blockchain over... continue reading

RPT-Commodity traders, banks face hard realities with game-changing blockchain

By Eric Onstad LONDON, May 22 Alistair Cross was flying high after showing in a pilot project how blockchain – the technology first developed for the crypto-currency bitcoin – could transform the old-fashioned and secretive world of commodity trading. But since the pilot ran early this year, Cross and his... continue reading

DataGenic celebrates 15 Years in Business

London, 23rd May 2017 –DataGenic Ltd has reached a significant milestone, celebrating 15 years in business. From the original aspirations of the co-founders as a start-up in May 2002, DataGenic now has physical operations in three continents, with a combined total of 115 employees based in Spain, UK, India and... continue reading

NUMIDIA steps forward, decides positive for DycoTrade

Numidia BV, The Netherlands has decided to implement DycoTrade for their Commodity Trade Business. DycoTrade in their turn is proud to announce this new customer. Numidia BV, main location in Herten, Limburg, was impressed by the DycoTrade software and the joint functionality as provided by Microsoft Dynamics AX. A swift... continue reading

Viruses, Worms, and Other Strange Internet Creatures

A few years ago, I was in charge of the operations of a power trading in firm in Prague reporting to the Board of Directors. I discovered just how stressful a job can truly be and I learned a lot about the realities of commodity trading and businesses in general.... continue reading

WannaCrypt ransomware attack should make us wanna cry

By Alexander Urbelis Source: CNN (CNN)On Friday, the world experienced the wrath of a well-coordinated ransomware attack, known as WannaCrypt. The attack caused Britain’s NHS to cancel surgeries, a wide array of Russian and Chinese private and public institutions to be crippled most of the day, and the rest of... continue reading

Mercuria warns of undue impact of derivatives on dated Brent oil price

By Amanda Cooper | LONDON Trading in the North Sea crude oil physical market has seen a boost from a growing number of participants, but trader Mercuria warned on Thursday that more financial players meant derivatives could have an unduly large impact on the setting of the dated Brent benchmark... continue reading

A Bit More on RFPs

This week’s humorous blog by David Calmonson on the sales process for CTRM software made me think about writing about this topic too. After all, these procurement processes are important and extremely costly for everyone concerned. ComTech has also acted as an advisor in a number of sales processes and... continue reading

No, coffee is not the second-most traded commodity after oil

In a world now apparently filled with fake news – I thought this interesting – fact checking on a statement by Starbucks about coffee trade….from Politifact. By Jon Greenberg on Monday, May 8th, 2017 at 5:58 p.m. The ubiquitous coffee retailer Starbucks buys about 3 percent of the world’s coffee... continue reading

Oil steadies but rattled by concern about OPEC’s clout

By Amanda Cooper | LONDON LONDON Oil rose on Tuesday but faced headwinds from concern over slowing demand and the rise in U.S. crude output that has shaken investors’ faith in the ability of OPEC to rebalance the market. Brent crude futures LCOc1 were up 9 cents at $49.43 per... continue reading

Speculators In Oil Keep Getting It Wrong

At the end of last November, I wrote about my skepticism around OPEC’s ability to control oil prices. I was commenting that I didn’t understand what the speculators could possibly be thinking as the cost of extracting American oil was coming down and fast as US stocks continued to grow.... continue reading

Agribusiness ADM to expand in Europe amid global shake up: company

By Jonathan Saul and Michael Hogan | LONDON/HAMBURG REUTERS LONDON/HAMBURG U.S. agribusiness Archer Daniels Midland Co (ADM.N) said on Thursday that its operations would expand overall in Europe this year, even as the company restructures parts of its global trading operation. The Chicago-based agribusiness had said on Tuesday that worsening... continue reading

Where Is The Discussion?

CTRMcenter is a highly visited website with more than 500 visits per day on average through the week. Some of the blog posts and articles are shared around the social media fora many times. All this is good. Plainly, we want CTRMCenter to be a widely read and respected website... continue reading

Techoil CTRM
ComTechAlert Sign up today