Gary Vasey - Author Archive

The Year of Geopolitical Risk

The commodities business is risky enough but this year, it has gotten even riskier. BREXIT, Russian sanctions, renewal of Iranian sanctions, trade wars, Syria, Venezuela, and more. All of these ‘events’ have added more uncertainty and risk to trading, moving and managing commodities. As I scan the agenda for the... continue reading

IKON Group selects Next Generation Fusion CTRM Software

March 21, 2019 Fendahl Technology Dubai, UAE – 5th of March 2019 Fendahl is pleased to announce that IKON Group has selected Fusion CTRM Software to manage to its trading and risk management business processes.  Founded in 2012 in the UAE, IKON Group is a well-established oil trading organization with... continue reading

Trade Data Integration – Is it an Issue?

A lot of the research we have done over the years continues to suggest that managing trading and risk management activities and data can be a struggle. Many firms utilize more than one CTRM or ETRM finding they need something different for a different commodity or geography, almost all are... continue reading

Exclusive: How Iran fuel oil exports beat U.S. sanctions in tanker odyssey to Asia

SINGAPORE/BAGHDAD/TRIPOLI (Reuters) – At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of ship-tracking data and port information, as well as interviews with brokers and traders. The shipments were loaded onto tankers with documents... continue reading

SAP signals cloud intent as it ousts top in-house programmers

FRANKFURT (Reuters) – When business software company SAP announced in January it would lay off 4,400 staff, Chief Financial Officer Luka Mucic described the restructuring as a “fitness program” for Europe’s most valuable technology firm. But what some of the German company’s customers didn’t expect was that top software talent... continue reading

Is Your IT Department Protecting You From the Right CTRM Solution?

I was talking to a vendor salesperson a few days ago (who shall remain nameless). He told me that quite often, they demonstrate their solution to the IT department (acting as the initial vetting stop for new software systems…effectively the first gate in the selection process prior to getting the... continue reading

FIS and Worldpay to Combine to Accelerate the Future of Finance and Commerce Globally

Key facts The combined company will have approximately $12.3 billion pro forma 2018 annual revenue Accelerates FIS’ organic revenue growth outlook to 6 percent to 9 percent through 2021 Anticipates $500 million of revenue synergies, $400 million of run-rate expense synergies and nearly $4.5 billion of free cash flow in... continue reading

STADTWERKE MÜNCHEN EXPANDS ALGORITHMIC TRADING TO UK MARKET

VisoTech’s autoTRADER delivers stable 24×7 trading on EPEX SPOT Vienna, March 19, 2019 – Stadtwerke München (SWM), one of Germany’s largest municipal utilities, has expanded its use of the VisoTech autoTRADER to the UK power market. This comes shortly after EPEX migrated the UK intraday market onto the M7 platform, enabling algo-trading... continue reading

Brady Introduces New Service for I-SEM Settlement Management

On the 1st October 2018, I-SEM replaced the wholesale Single Electricity Market (SEM) in all of Ireland. The I-SEM was brought in “following an instruction to the SEM Committee from the Irish and Northern Irish authorities to develop a new set of electricity trading arrangements that would meet the requirements of the... continue reading

SSE CHOOSES CONTIGO’S ENVOY FOR ELECTRONIC DATA TRANSFER WITH NATIONAL GRID

The UK’s largest generator of renewable energy and supplier of electricity, gas and other energy related services to more than 7 million customers, SSE, has chosen Contigo’s integrated energy nomination and scheduling platform, enVoy, to provide a reliable and future-proofed system for electronic data transfer with National Grid. Fiona Keiller,... continue reading

Saudi signals OPEC may need to extend oil cuts until end-2019

BAKU (Reuters) – Saudi Arabia said on Sunday OPEC’s job in rebalancing the oil market was far from done as global inventories were still rising despite harsh U.S. sanctions on Iran and Venezuela, signaling it may need to expand output cuts into the second half of 2019. Russia, which is... continue reading

IEA sees oil market flipping into deficit in second quarter

LONDON (Reuters) – The oil market will flip into a modest deficit from the second quarter of this year, with OPEC possessing a hefty supply cushion to prevent any price rally in case of possible supply disruptions, the International Energy Agency said on Friday. The IEA, which coordinates the energy... continue reading

February 2019: Another record month for Euro Gas, driven by TTF and NCG highs. German Power up 8% MoM, Emissions up 8% MoM

Trayport – February 2019 saw 8.970 million monthly contracts traded, up 2% MoM. Emissions was the largest climber, 8% vs January, with Euro Power up 6%. Following a record start to the year, Euro Gas reached new heights in February at 3,889 TWh, up 4% MoM. The remaining groups saw... continue reading

The Climate Change Policy Disconnect – Will It Lead To An Energy Crisis?

Summary Seeking Alpha – Focus on curbing supply as opposed to demand for fossil fuels may lead to permanent under investment in new supply projects. This creates the risk of a supply-shock and energy crisis in the next decade. For investors, this will create an opportunity to generate superior returns... continue reading

European ETRM Space Getting Crowded?

Walking around E-World last month, I was struck at just how many ETRM software products now target European power and gas. In addition to the usual suspects like ION Openlink, Allegro, Brady PLC, FIS, Contigo and Powel, there are others like Pioneer from the US who have recently joined the... continue reading

Drillinginfo Predicts Decade-Long Continued Growth in Oil & Gas Production, Cautions About Negative Impacts from Wall Street’s Demands

Latest interim report focuses on Appalachian, Permian and STACK upstream activity over next ten years Austin, TX (March 12, 2019) – Drillinginfo, the leading energy SaaS and data analytics company, has released the latest installment of its FundamentalEdge series. This is an interim report covering the most recent trends in... continue reading