Gary Vasey - Author Archive

Oil rises on U.S-China trade talks, OPEC-led supply cuts

SINGAPORE (Reuters) – Oil prices jumped around 1.5 percent on Monday, pushed up by optimism that talks in Beijing can resolve a trade war between the United States and China, while supply cuts by major producers also supported crude. Brent crude futures LCOc1 were at $57.93 per barrel at 0635... continue reading

Dollar cycle may be about to turn, supporting oil prices: Kemp

LONDON (Reuters) – (John Kemp is a Reuters market analyst. The views expressed are his own) The U.S. dollar has recently appreciated to its highest level in real terms since the start of 2017 and before that September 2003. Dollar appreciation weighed on oil prices in 2018 as prices in... continue reading

VAKT, Blockchains, Consortia and Solving Industry Problems

I recently had the opportunity to talk with Ms. Frances Dean, VP Operations & Corporate Services, and other senior members of the VAKT team. VAKT is a ‘blockchain initiative’ formed via a consortium of oil companies and banks (BP, Gunvor, ABN-AMRO, Equinor, Koch, ING, Shell, Mercuria and Societe Generale) focused... continue reading

Happy New Year!

Here is to a Happy and prosperous 2019 to all of our readers. Normal services will be resumed very shortly…..... continue reading

Happy Holidays!

Patrick, Andrew and I wish you all a very happy and safe Holiday!  ... continue reading

Sonata Software expands in Australia with acquisition of Brisbane headquartered Scalable Data Systems.

Sonata Software, today announced that it has signed definitive agreement to acquire Scalable Data Systems, headquartered in Brisbane, Australia. Scalable Data Systems is a highly respected provider of business solutions in the Australian market, with a history of more than 25 years and has built a solid reputation in providing... continue reading

U.S. oil production to be equal to Russia plus Saudi Arabia by 2025: IEA head

ISTANBUL (Reuters) – Total oil production in the United States will be nearly equal to that of Russia and Saudi Arabia combined by 2025, the head of the International Energy Agency (IEA) said on Friday. Fatih Birol made the comment in an interview with Turkey’s state-owned Anadolu news agency. Reporting... continue reading

Oil steady after sell-off but oversupply still drags

LONDON (Reuters) – Oil stabilized on Wednesday after one of its biggest falls for years, but remained under pressure from oversupply and concern that a slowing global economy would depress demand for fuel. Benchmark Brent crude oil was up 30 cents at $56.56 a barrel by 0840 GMT, after dropping... continue reading

eZ-nergy on a Roll

eZ-nergy provides auto trading, nominations and balancing software solutions and services for European power and gas companies. I spoke with Johann Zamboni, co-founder and CEO, recently to get an update on the vendor and its activities. Apparently, 2018 has proven to be an interesting year for the company as it... continue reading

Oil drops 4 percent on oversupply, equities sell-off

LONDON (Reuters) – Oil prices fell 4 percent on Tuesday after reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in stock markets as the outlook for global growth deteriorated. U.S. crude oil dropped $2.04, or 4.1 percent, to a low of... continue reading

Using CTRMCenter

CTRMCenter – this website – is actually quite a powerful and information packed website. It may have a number of features and content that some readers are unaware of and so the purpose of this article is to highlight some of these features.   The front page of the site... continue reading

New oil, gas projects to accelerate next year: report

LONDON (Reuters) – The number of new oil and gas projects will rise five-fold next year from a 2015 trough but overall spending is still unlikely to be enough to meet future demand, consultancy Wood Mackenzie said in a report. Shaken by a sharp drop in oil prices in recent... continue reading

TRADESPARENT UPGRADES ITS PORTFOLIO STRESS TEST SOLUTION

Reflecting the needs of the commodity industry, TRADESPARENT today announces the upgrade of its Portfolio Stress Test Solution allowing market participants to determine portfolio risk and being able to more rapidly set hedging strategies based on accurate and timely data to mitigate losses. PORTFOLIO STRESS TEST 2.0 Portfolio Stress Test... continue reading

Industry report recognizes ION for CTRM category leadership

NEW YORK, Dec. 12, 2018 /PRNewswire/ — ION, the largest global provider of trading, analytics and risk management solutions for commodities and treasury management, announced today that its commodity trading and risk management (CTRM) portfolio garnered top recognition in the 2018 Vendor Perception Report from Commodity Technology Advisory, a leading analyst organization... continue reading

DrillingInfo Launches Executive Deal Summary to Accelerate Oil & Gas Industry Investors’ Access to the Latest M&A Information

Executive Deal Summary incorporates M&A deal assessment with production, permits, rigs and leasing information to create a complete picture of major transactions and the implications for investors, operators and other stakeholders AUSTIN, Texas (December 12, 2018) – Drillinginfo, the leading energy SaaS and data analytics company, today announced the release... continue reading

Quorum Software Appoints Gene Austin as President and CEO

Software Industry Veteran to Lead Next Stage of Quorum’s Growth HOUSTON Dec 11, 2018 – Quorum Software, the leader in digital transformation for the oil and gas industry, today announced the appointment of Gene Austin as President and Chief Executive Officer. Austin has over 30 years of experience in leading both private... continue reading