Gary Vasey - Author Archive

Trade off: China soybean imports set for biggest drop in 12 years amid tariff conflict

(Reuters) – China’s soybean imports are set to drop by a quarter in the last three months of 2018, their biggest fall in at least 12 years as buyers curb purchases amid the Sino-U.S. trade war and high domestic stockpiles. Soybeans, crushed to make protein-rich animal feed ingredients and vegetable... continue reading

Drillinginfo: 3-Year Crude Oil Oversupply Finally Curbed, But A Lid on Price Remains

Introduces OptiFlo Gas aimed at capturing insights on the constantly changing gas market Austin, TX (October 17, 2018) –Drillinginfo, the leading energy SaaS and data analytics company, has released its latest FundamentalEdge series report, Some Inventory Required?, which draws from several key domestic and international events affecting the company’s current... continue reading

Barchart Launches cmdtyView® to Revolutionize Physical Grain Trading

CHICAGO, Oct. 16, 2018 /PRNewswire/ — Barchart, a leading provider of market data and technology, is pleased to announce the launch of cmdtyView®, a market leading research, analysis and trading platform for agricultural commodity professionals. Sitting within Barchart’s cmdty product line, cmdtyView includes global exchange and reference data; and is the only platform to... continue reading

CIC launches blockchain-powered global physical commodities e-trading platform

(FinTech Innovation) – Commodities Intelligence Centre (CIC) has launched Singapore’s first physical commodity B2B e-trading platform, together with its key industry partners ZALL SMARTCOMM (ZALL, a major B2B player in China), GeTS (Global eTrade Services) Asia Pte Ltd., a subsidiary of CrimsonLogic (a provider of eGovernment products and services, based... continue reading

Exclusive: Don’t mention the oil price – U.S. legal threat prompts change at OPEC

LONDON/DUBAI (Reuters) – OPEC has urged its members not to mention oil prices when discussing policy in a break from the past, as the oil producing group seeks to avoid the risk of U.S. legal action for manipulating the market, sources close to OPEC said. Proposed U.S. legislation known as... continue reading

As EU Carbon Prices Soar – Has the EU ETS Finally Found its Teeth?

EU ETS Carbon prices are around 20 Eur as of today, slightly off from their recent high of around 25 Eur in August. After several years in which the EU ETS was flooded with permits and prices were very low, prices are up around 300% over a 12-month period. Driving... continue reading

Global steel body hikes demand forecasts, but says risks remain

TOKYO (Reuters) – The World Steel Association on Tuesday doubled its 2018 and 2019 forecasts for growth in global demand for the material used in everything from cars to construction, but said that trade tensions were clouding the outlook for the sector. The caution over trade from a body that... continue reading

London Calling…

We were a bit quite on here last week. That is because we were both in London. The primary purpose of the trip was a presentation to a group of CIO’s on the evolution of E/CTRM that seemed to go very well and was punctuated by a lot of very... continue reading

New Executive Vice President of Smart Energy

Powel is delighted to announce the appointment of Tom Darell as the new Executive Vice President, Smart Energy to the Executive Team. Darell brings to his new role extensive capabilities in international sales and management from several global technology companies, amassed during his 20 years in the IT and software... continue reading

FIS Kiodex Gets Physical

A couple of weeks ago, we had a briefing from Kiodex. Now part of the FIS family of products, Kiodex is a Software as a Service solution for commodity risk and compliance management. Though Kiodex has been around for some time, and is one of the original cloud-delivered products on... continue reading

The Vessel Group is Proud to Announce a Successful Go-Live of Allegro CTRM Software at Par Pacific

American Energy Company Implements Allegro’s CTRM Software with The Vessel Group DALLAS & HOUSTON (PRWEB) OCTOBER 09, 2017 The Vessel Group, an energy consulting and talent-sourcing firm, and Allegro Development Corp., a leading commodity trading and risk management software provider, announced today that Houston-based Par Pacific Holdings Inc. has fully implemented... continue reading

Traders bet on oil at $100 as Iran sanctions loom

NEW YORK/LONDON (Reuters) – Oil traders have piled into wagers that U.S. crude oil could surge to $100 a barrel by next year, a milestone that until recently many considered unthinkable due to record U.S. production growth and relatively flat global demand. But the imminent return of U.S. sanctions on... continue reading

Singular Point Launches MARiS

A couple of weeks ago, Singular Point launched its MARiS software product for commercial shipping and chartering at an event in Geneva. We were invited but unfortunately, we could not attend. “We had representatives from the smaller companies to global players in the room,” Darko Novakovic, Head of Sales &... continue reading

Record-Breaking Q3 U.S. Oil & Gas M&A Surges 250%

Updated outlook confirms accuracy of Drillinginfo’s M&A prediction Austin, TX (October 4, 2018) – Drillinginfo, the leading energy SaaS and data analytics company, reports that U.S. oil & gas M&A activity in Q3 2018 surged 250% over Q2 and broke all quarterly records dating back to Q4 2012.  The final... continue reading

High stakes: Risk in Nasdaq’s Nordic power market boomed before default

OSLO (Reuters) – Risk levels in Nasdaq’s (NDAQ.O) Nordic commodities market had more than doubled in the six months prior to a top trader’s default in November, the result of a rapid accumulation of bets amid soaring electricity prices, the exchange told Reuters. Nasdaq conducts daily stress tests calculating market... continue reading

Oil slips as Saudi and Russia quietly agree output rise, US stocks swell

Henning Gloystein SINGAPORE (Reuters) – Oil prices on Thursday slipped from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output. Brent crude oil futures LCOc1 were trading at $86.14 per... continue reading