Gary Vasey - Author Archive

The Vessel Group Completes Allegro Horizon Upgrade at PAR Pacific Holdings

HOUSTON (PRWEB) OCTOBER 29, 2018 The Vessel Group announces that their client, Par Pacific Holdings Inc., one of the largest mid-tier crude and refined products companies in the Americas, has successfully upgraded to Allegro Horizon. The Vessel Group serves functions as Par Pacific’s advisory and software implementation firm. The upgrade from... continue reading

Hedge funds cut bullish bets on oil to lowest for over a year: Kemp

LONDON (Reuters) – Hedge fund managers continued to liquidate former bullish positions in oil last week and for the first time in more than a year clear signs of fresh short-selling emerged. Rising oil production from Saudi Arabia, the United Arab Emirates, Kuwait and Russia has eased concerns about the... continue reading

Focus Switches to Implementation Time and Costs

In a post GDPR world, vendor marketing themes and modes have changed as we have commented on before however, not only has the means of getting a message to market shifted, but the messages have also changed. Last week, a news announcement crossed my desk from Contigo, the UK-based ETRM... continue reading

Eka Announces Record Go-Lives In 2018, Cuts Implementation Time to 50% of Traditional CTRM Times

Several mid-large customers across the commodity spectrum from Agriculture, Energy and Metals in North America, Europe and Australia experience successful transitions to fully digital workflows. This includes front and back office automation, risk consolidation, connecting partners and customers, and adding pre-trade and derivatives to existing CTRM systems.   October 27th,... continue reading

ABCD quartet of grain traders partner to digitize global trades

CHICAGO (Reuters) – The world’s four largest agribusinesses are working together to standardize and digitize international grain trades using technologies such as blockchain and artificial intelligence, the companies announced on Thursday. Archer Daniels Midland Co, Bunge Ltd, Cargill Inc [CARG.UL] and Louis Dreyfus Co [AKIRAU.UL], known collectively as the ABCDs... continue reading

Allegro Targets Metals, Raw Materials and Mining

A couple of weeks ago, Allegro announced its entry into the metals & mining space. Timed to coincide with LME week, the announcement rounded out a year of intense work to ready Allegro Horizon for the specifics of the market, Brian Collins, MD Metals for Allegro told me today. The... continue reading

AGTools, Inc. Launches; New Online Tool Designed to Increase Profitability for Farmers and All Stakeholders in the Food Supply Chain

By providing Key Data to AG Industry, AGTools Helps Decrease Food Waste and Increase Profitability RVINE, Calif., Oct. 24, 2018 /PRNewswire/ — AGTools, Inc. has combined its extensive agriculture industry experience and knowledge to create and launch a brand-new online tool enabling the agriculture industry to improve decision making, reduce waste, and increase... continue reading

Oil prices fall as oversupply looms amid global market woes

TOKYO (Reuters) – Oil prices fell on Friday and were heading for a third weekly loss, as Saudi Arabia warned of oversupply amid a slump in global equities and trade that clouds the outlook for fuel demand. Brent crude futures LCOc1 were down 49 cents, or 0.6 percent, at $76.40... continue reading

OPEC, allies may need to change course as oil inventories rise: panel

LONDON/RIYADH (Reuters) – OPEC and non-OPEC oil producers, which agreed to relax supply curbs in June, may need to change course because of rising inventories and economic uncertainties, according to a ministerial panel’s findings released on Thursday. The statement might further complicate relations between the Organization of the Petroleum Exporting... continue reading

CONTIGO SAYS FAST AND EFFECTIVE ETRM IMPLEMENTATIONS CRUCIAL IN A CHALLENGING ENERGY MARKET

In a challenging and fast-changing energy market, it is more important than ever for businesses to be using systems and processes that provide efficiencies and help maintain competitive advantage. However, research by UK based, pan-European ETRM provider, Contigo, which found that 69% believe spread sheets are not sufficient to manage... continue reading

Amphora announces certified native integration with CubeLogic

Enables Symphony CTRM users to seamlessly leverage the market leading KYC onboarding, business process management and credit risk management capabilities of the RiskCubed platform   Wednesday 24th October 2018 – Houston and London. Amphora, a leading vendor of multi‑commodity trading and risk management solutions to streamline operations, reduce transaction costs... continue reading

Oil holds near $80 as Saudi Arabia plans output increase

LONDON (Reuters) – Oil hovered around $80 a barrel on Monday, lifted by a diplomatic crisis between Saudi Arabia and the West, just two weeks before U.S. sanctions potentially choke off Iranian crude supplies. Saudi Energy Minister Khalid al-Falih told Russia’s TASS news agency that his country had no intention... continue reading

2018/2019 CTRM Sourcebook Underway

Just about the most popular report that we produce is the CTRM Sourcebook. Last updated in 2017, we are now in the process of revisiting and updating it and many vendors for whom we have an email contact will be receiving the listing materials this week to be completed and... continue reading

Intercompany transactions in new version of CTRM for JD Edwards ERP

Cadran Consultancy announces the release of the new version 3.2 of its Commodity Trading module for Oracle JD Edwards (CTRM4JDE). The new version has many enhancements and new features for commodity traders whose business is to secure profitable trade margins, managing transport and taking part in manufacturing activities. ‘Based on... continue reading

Barak Fund Management Selects TRMTracker.com for Multi-Commodity CTRM

TRMTracker.com, the award-winning CTRM Software-as-a-Service (SaaS) offering powered by Pioneer Solutions, announced today that Barak Fund Management Limited (Barak) has selected its cloud-based Risk Management solution to better manage physical logistics and accounting, support the growth of Barak’s multi-commodity operations. AMSTERDAM (PRWEB) October 18, 2018 TRMTracker.com, the award-winning CTRM Software-as-a-Service... continue reading

The Results Are In – Which Vendor leads the Industry for E/CTRM?

Every two years, ComTech issues its vendor perception report. This is based on user and influencer opinions of the vendors in the space and with two decades of history around doing it, it provides a wonderful retrospective on the industry. Well, the results are in and I’m in the process... continue reading