Patrick Reames - Author Archive
18 September 2017 | Category: Vendor News
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
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
11 September 2017 | Category: Vendor News
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
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
7 September 2017 | Category: CTRMCenter News, Industry News
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
6 September 2017 | Category: Opinion
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
16 August 2017 | Category: Commodity Prices, Energy
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
10 August 2017 | Category: Energy, Industry-related
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
7 August 2017 | Category: Energy, Industry-related
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
3 August 2017 | Category: Industry-related, Metals
(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
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
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
28 July 2017 | Category: Commodity Prices, Energy
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
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
25 July 2017 | Category: Commodity Prices, Energy
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
18 July 2017 | Category: Energy
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