Gary Vasey - Author Archive

The role of traceability in food fraud

Miguel Campos – Speciality Food -Notorious wine counterfeiter, Rudy Kurniawan, pocketed an estimated $150 million from fraudulent wine sales in the early 2000’s. Using a DIY workshop, he skilfully modified cheaper wines and relabelled them as prestigious vintages. However, food fraud isn’t an exclusive challenge for premium products. According to... continue reading

Announcing The First Blockchain-enabled Farm Data Exchange — The Farmobile DataStore

LEAWOOD, Kan., July 17, 2018 /PRNewswire-PRWeb/ — Farmobile LLC, The Independent Farm Data Company, today announced that the Farmobile DataStore exchange is now open for business, connecting data buyers and farmers nationwide. It is the first and largest private digital exchange for machine and agronomic data. As of today, the... continue reading

Vendor Perceptions

As we enter what are often the slower summer months, now may be the time to take an opportunity to give us your perceptions are E/CTRM software vendors. Tell us who you have heard of? who you think is the leader? and so on. The survey won’t take more than... continue reading

Russia, Kazakhstan cut hot-rolled steel coil exports to Iran: traders

MOSCOW/LONDON (Reuters) – Russia and Kazakhstan are cutting back sales of hot-rolled steel coils to Iran in part because of new U.S. sanctions on Tehran, steel traders said. The development shows that, despite protests from the Kremlin that unilateral U.S. sanctions should not affect Russian companies, the firms are changing... continue reading

U.S. oil boom delivers surprise for traders – and it’s costly

LONDON/NEW YORK (Reuters) – The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent WTCLc1-LCOc1 in just a month, as surging U.S production upends the market. Trading desks of oil major BP (BP.L) and merchants Vitol... continue reading

Powel to contribute to energy smart cities through EU-funded consortium +CityxChange

EU’s Horizon 2020 has awarded the +CityxChange project a grant worth 22 million Euros as a Smart City lighthouse project. Powel is a partner in the consortium, which over the next five years will develop a series of demonstration projects on how to become “smart positive energy cities”. The Lighthouse... continue reading

Crude Pressure?

The world has adequate supplies of crude oil despite OPEC’s recent assessment that market for crude will be undersupplied by ~0.4 million barrels per day in 2018. U.S. crude production climbed in March to 10.47 million barrels per day, a monthly record, data from the Energy Information Administration shows and... continue reading

World’s oil cushion could be stretched to the limit, IEA warns

LONDON (Reuters) – The world’s oil supply cushion could be stretched to the limit due to prolonged outages, supporting prices and threatening demand growth, the International Energy Agency said on Thursday. The expected drop in Iranian crude exports this year due to renewed U.S. sanctions, coupled with a decline in... continue reading

Commodities Fell on Rising Production and Global Trade Tensions

NEW YORK, July 11, 2018 /PRNewswire/ — Commodities fell in June as the production of agricultural commodities increased, while rising trade tensions among major economies threatened demand. The Bloomberg Commodity Index Total Return performance was lower for the month, with 16 out of 22 Index constituents posting losses. Credit Suisse... continue reading

ConsenSys and Open Mineral Join Forces to Launch New Ethereum Platform Minerac With the Objective of Fundamentally Changing the Way Minerals and Metals Are Traded

NEW YORK, July 9, 2018 /PRNewswire/ — Blockchain venture studio ConsenSys and cloud-based metal concentrates exchange Open Mineral, announced a joint venture establishing Minerac, a blockchain consortium set on changing the way mineral commodities trading and connected supply chains operate. A number of mining companies and financial institutions will also... continue reading

CTRM As An Ecosystem

CTRMRadio episode 4 is now out in which we discuss CTRM as an ecosystem with Neil Palmer of Beacon, Gareth Phillips and Libby Koehn of Brady, and Michael Hinton of Allegro. You can hear the podcast below… What is an ecosystem? What has facilitated the move to the concept of... continue reading

Aspect Enterprise Solutions Welcomes New Partner SINGA Associates, Expands CTRM Expertise

Aspect Enterprise Solutions, a division of ION, and SINGA Associates have announced a strategic partnership, further expanding Aspect’s ETRM and CTRM expertise and reach in global energy and metals trading markets. SINGA, a Switzerland-based consultancy, offers commodities trading capabilities in business transformation and implementation across commodities classes, including oil, chemicals,... continue reading

EU Internet Copyright Law Rejected

Members of the European Parliament today rejected a copyright law in its current form that would have had an impact on sites like ours and sparked a wikipedia blackout in some countries in protest. According to a BBC article – “The Copyright Directive is intended to bring rules around content... continue reading

What the failed Glencore-Tohoku coal talks mean for the market

TOKYO/SINGAPORE (Reuters) – Electric utilities in Japan and other Asian countries are driving blind when it comes to coal prices after the failure of Japan’s Tohoku Electric and Glencore to agree on an annual thermal coal contract that is used to set prices for the region. Tohoku Electric (9506.T), a... continue reading

Post-GDPR Marketing

As everyone will know, GDPR, the EU’s General Data Protection Regulation, came into force on the 25th May of this year. ComTech took all steps necessary in an attempt to comply with the regulation as did most other firms in our space and continuously review our processes and so on... continue reading

Oil climbs on Libya force majeure, Canada outage

LONDON (Reuters) – Oil prices rose on Tuesday after Libya declared force majeure on some of its crude exports, while the loss of Canadian supplies helped lifted U.S. crude to levels not seen since late 2014. U.S. light crude CLc1 jumped 90 cents, or 1.2 percent, to $74.84 a barrel,... continue reading