Patrick Reames - Author Archive

Tipco Asphalt Goes Live with Allegro Commodity Management Software

Thailand-based asphalt manufacturer and crude oil refiner is now managing complex trading with Allegro’s CTRM  DALLAS – Allegro Development Corp., a global leader in end-to-end commodity trading and risk management solutions, announced today that Bangkok-based Tipco Asphalt PCL (Tipco) has fully implemented Allegro’s software to oversee crude logistics, handle inventories,... continue reading

Factum joins list of sponsors for the CTRMConference

We’re pleased to announce that Factum Ltd, a US and UK based consultancy, has joined the growing list of supporters of the 2017 CTRMConference as a Bronze sponsor.  While servicing multiple industries, Factum consultants have deep and broad experience in the global energy and commodity trading markets, including strategy, business... continue reading

FIS Introduces a Commercial Pipeline Operations Management SaaS App for Midstream Operators

FIS (Sept. 11, 2017) – The increasing global demand for natural gas and expanding infrastructure and capacity will require natural gas pipeline operators to look for innovative ways to manage their commercial pipeline operations more efficiently. To capitalize on these changes, asset operators will require real-time, accurate data and operational... continue reading

capSpire Opens Sixth Global Office in Houston, Texas

Houston, Texas (PRWEB)September 08, 2017 – capSpire is excited to announce the opening of a new office in Houston, Texas—its sixth office globally and its second office in Texas. The new office is located in the heart of Houston’s Energy Corridor at 15810 Park Ten Place, Suite 170. capSpire has... continue reading

Five Year CTRM Market Outlook – 2017-2021

We have just released our 5 year outlook for the global CTRM markets as part of our 2016-2021 CTRM Market Outlook Report.  This year’s report is available in an abridged summary version as a free download or for online viewing at https://www.ctrmcenter.com/publications/reports/2016-2021-ctrm-market-outlook/.  A full report, providing a detailed review of the... continue reading

Hurricane Harvey and Social Media

I’ve heard it said that social media is the democratization of information, a place where everyone gets their say…and that, frankly, is why it’s become almost useless as a reliable information resource… This last week when Harvey stormed into the area, we evacuated our home at the urging of local... continue reading

Goodbye contango? Oil’s long march toward backwardation: Kemp

LONDON (Reuters) by John Kemp – “The rebalancing of the oil market desired by the leading producers has been a stubborn process,” the International Energy Agency wrote in its latest monthly oil market report. The agency’s evident frustration about the slow and uneven pace of rebalancing, and the conflicting signals... continue reading

U.S. shale breakeven price revealed around $50: Kemp

LONDON (Reuters) by John Kemp – U.S. shale producers need a WTI oil price around $50 per barrel to break even, according to an analysis of financial statements for the second quarter. Fifteen of the largest shale oil and gas producers reported total net losses of $470 million for the... continue reading

Higher-cost crude could squeeze margins at U.S. refiners

HOUSTON (Reuters) – U.S. refiners could face a continued squeeze on profit margins in the months ahead as dwindling supplies of heavy crude from Venezuela and elsewhere are leading several to switch to higher-priced but easier-to-refine light, sweet crude. The shift also could mean higher prices for consumers in the... continue reading

Electric-Car Revolution Shakes Up the Biggest Metals Markets

(Bloomberg) by Mark Burton and Eddie Van Der Walt – The revolution in electric vehicles set to upturn industries from energy to infrastructure is also creating winners and losers within the world’s biggest metals markets. While some of the largest diversified miners like Glencore Plc argue fossil fuels such as... continue reading

Capco reaches significant milestone as a newly independent company

Majority shareholder Clayton, Dubilier & Rice backs significant global growth plan. London, United Kingdom – Capco, a leading management and technology consultancy focused exclusively on the financial services industry, announced today the completion of a transaction that establishes the company as an independent enterprise. A fund managed by Clayton, Dubilier... continue reading

The Market for CTRM Products and Services declined by more than 7% in 2016

ComTech is currently finalizing our 2017 CTRM Market Trends and Outlook Report, our annual review of market developments, including a detailed look at the size of the global CTRM markets.  While the final report should be available within the next two weeks, we thought we would provide an early preview... continue reading

Physical oil market tightens as refiners scramble for crude: Kemp

LONDON (Reuters) by John Kemp – Physical crude markets are at last showing signs of tightening as record refinery consumption in the United States coincides with a slowdown in oil exports from the Middle East Gulf. U.S. refineries processed an average of almost 17.3 million barrels of crude per day... continue reading

Noble shrinks, sells part of business to Mercuria as it faces huge quarterly loss

SINGAPORE (Reuters) – Noble Group (NOBG.SI), once Asia’s largest commodities trader, is to cut staff and sell assets, including its U.S. gas and power business to Mercuria Energy Group, as it faces a quarterly loss of up to $1.8 billion. Hong Kong-based Noble added that it would “explore strategic alliances... continue reading

Malaysia’s Petronas halts $29 billion western Canadian LNG project

CALGARY, Alberta (Reuters) by Nia Williams and Ethan Lou – Malaysian state-owned energy company Petronas [PETR.UL] will not proceed with a proposed C$36 billion ($28.8 billion) liquefied natural gas (LNG) project in western Canada because of weak global prices, the company said on Tuesday. The cancellation is a heavy blow to... continue reading

U.S. uncompleted well backlog hangs over oil market: Kemp

LONDON (Reuters) by John Kemp – U.S. oil and gas exploration and production companies are drilling new wells faster than they can be fractured and hooked up to gathering systems, creating a growing backlog of drilled but uncompleted oil and gas wells. By June, the number of drilled but uncompleted... continue reading