Trayport Contigo ETRM / CTRM
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Patrick Reames - Author Archive

Big Oil back on the acquisition trail as outlook brightens

By Ron Bousso | LONDON The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices. Since late November, major oil companies have announced 11 deals worth more... continue reading

OPEC output cuts under scrutiny as market tightens: IEA

By Christopher Johnson | LONDON World oil markets are slowly tightening as demand rises while investors wait to see if production cuts agreed by OPEC and other producers will be implemented as promised, the International Energy Agency (IEA) said on Thursday. In its monthly oil market report, the IEA said... continue reading

ZE Implements Risk Management Solution for SHV Gas Supply & Risk Management SAS

RICHMOND, B.C., Canada — ZE PowerGroup Inc. (“ZE”), the developer of the award-winning enterprise data management solution ZEMA, is pleased to announce that SHV Gas Supply & Risk Management SAS (SHV) has implemented ZEMA on Microsoft SQL Server as their data management and ETRM integration solution to automate its daily... continue reading

As OPEC Acts on New Year’s Resolution, U.S. Shale Pumps Away

(Bloomberg) by Jessica Summers – U.S. shale is getting in the way of a New Year’s resolution by OPEC to cut production and boost the market. Producers and merchants increased their bets on lower West Texas Intermediate crude prices to the highest level since 2007 as futures held above $50 a barrel.... continue reading

Allegro enjoys a successful 2016 despite a challenging market

I was in Dallas recently to meet with Allegro’s senior management team for a briefing on the company’s recent activities, their 2016 results and the outlook for the 2017. Reflecting on their 2016 results, Michael Hinton, Allegro’s chief customer officer & senior vice president of products and solutions, noted that... continue reading

Saudis cut oil output to lowest in two years, pledge further reductions

By Rania El Gamal, Maha El Dahan and Stanley Carvalho | ABU DHABI Saudi Arabia has cut oil output to its lowest in almost two years, its energy minister said on Thursday, as the world’s largest oil exporter leads OPEC’s drive to eradicate a global glut and prop up prices.... continue reading

U.S. shifts LNG exports to Asia as arb opens up

by Scott DiSavino – The biggest divergence between U.S. and Asian gas prices in a year has created an opportunity for tankers delivering liquefied natural gas, with most departures from a key Louisiana terminal in the last month-and-a-half heading toward East Asia, shipping data released on Wednesday show. The facility, Sabine... continue reading

U.S. crude output for 2018 to rise by 300,000 bpd: EIA

By The U.S. Energy Information Administration expects U.S. crude oil production in 2018 to rise by 300,000 barrels per day (bpd) year-on-year, according to its monthly short term energy outlook released on Tuesday. The agency said that crude production will rise to 9.3 million bpd next year from 9 million... continue reading

The Obama Administration’s parting shot at the bald eagle

As I’ve mentioned it this blog before, I enjoy getting out and shooting photographs of birds and wildlife.  In my hundreds of trips around south Texas and the Gulf Coast, I’ve been fortunate to have spotted a bald eagle on less than a half dozen occasions.  When I do see... continue reading

Solar Could Beat Coal to Become the Cheapest Power on Earth

(Bloomberg) by Jessica Shankleman and Chris Martin – Solar power is now cheaper than coal in some parts of the world. In less than a decade, it’s likely to be the lowest-cost option almost everywhere. In 2016, countries from Chile to the United Arab Emirates broke records with deals to... continue reading

U.S. shale companies to boost spending as banks loosen purse strings

By Swetha Gopinath U.S. shale drillers are set to ramp up spending on exploration and production next year as recovering oil prices prompt banks to extend credit lines for the first time in two years. The credit increase is small, but with major oil producers worldwide aiming to hold down... continue reading

For metals markets it’s still all about China: Home

By Andy Home | LONDON From a year of political upheaval the metals markets can draw one all-important lesson. It’s still all about China. Beijing’s economic policy U-turn around this time last year may not have resonated across the world in the same way as Britain’s vote to leave the... continue reading

With Dakota Access in limbo, more Bakken crude to move on trains

By Liz Hampton | HOUSTON As oil prices recover and U.S. shale production picks up, energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method that poses its own risks to the environment and local communities. Sunday’s decision by U.S.... continue reading

No respite for shuttered iron ore miners as rally falls short

By Manolo Serapio Jr | MANILA While this year’s spectacular rebound in iron ore prices has been a godsend for the world’s biggest miners, it has not gone high enough for smaller, less-efficient producers that still have pits shuttered and equipment idle. The price of the steelmaking material has nearly... continue reading

As we near the end of the year…

I just wanted to take this opportunity to wish all our customers, colleagues and industry friends the very best this holiday season and for the new year. Though the CTRM space has been a bit challenging for many this year, recent developments in the global markets do point to an... continue reading

Qaiwan Group Latest Dubai-Based Trading House to Deploy AspectCTRM

(Aspect PR) The oil trading arm of Qaiwan Group, a diversified conglomerate based in Kurdistan Region of Iraq, is to deploy AspectCTRM, the cloud-delivered commodities trade and risk management solution, it is announced today. Aspect, which pioneered cloud-delivered CTRM, sealed the deal with Qaiwan’s Dubai-based trading operation bringing 2016 to... continue reading

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