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Patrick Reames - Author Archive

ComTech is launching the 2017 CTRM SourceBook

Commodity Technology Advisory (ComTech) is pleased to announce we’ve launched the data collection efforts for the 2017 CTRM SourceBook.  As I’m sure our readers know, the SourceBook has become more or less the definitive first source of information for those companies beginning a software selection process.  The most recent version,... continue reading

Europe’s Coal Power Is Going up in Smoke — Fast

(Bloomberg) by Jess Shankleman,Tino Andresen, and Mathew Carr – The long goodbye for coal in Europe is accelerating as the cost of shifting to green energy plunges. Companies including Drax Group Plc, Steag GmbH to Uniper SE are closing or converting coal-burning generators at a record pace from Austria to... continue reading

Undaunted by oil bust, financiers pour billions into U.S. shale

By Ernest Scheyder | HOUSTON Investors who took a hit last year when dozens of U.S. shale producers filed for bankruptcy are already making big new bets on the industry’s resurgence. In the first quarter, private equity funds raised $19.8 billion for energy ventures – nearly three times the total... continue reading

New U.S. pipelines to drive natural gas boom as exports surge

By Scott DiSavino U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to become one of the world’s top natural gas exporters. The pipelines are expected to boost output from... continue reading

Oil surplus or scarcity? Shale makes it even harder to predict

By Amanda Cooper | LONDON The shale oil boom has transformed the U.S. and global energy sector to such an extent that it has upended traditional supply dynamics and made forecasts far more polarized. Investment banks, many of which finance new projects, along with oil majors such as Total and... continue reading

Changes are coming for the H1B program & it will leave a mark on this space

One of Donald Trump’s campaign platforms was that he would either change or eliminate, if necessary, the H1B Visa Program in order to end real or perceived abuses that have seen tens of thousands of US jobs being filled by employees brought in from other countries, sometimes at a salary... continue reading

Texas Southern University’s Jesse H. School Of Business To Use AspectCTRM For Next Generation Of Oil Traders

Aspect, leading global provider of cloud commodity trading and risk management solutions, announced today a new partnership with The Jesse H. Jones (JHJ) School of Business at Texas Southern University in Houston. The school is using AspectCTRM in the classroom to teach the next generation of energy and commodities traders... continue reading

After Cyclone Debbie, China replaces Australian coal with U.S. cargoes

By Henning Gloystein | SINGAPORE China, the world’s biggest coking coal importer, is scrambling to cover Australian supply disruptions after Cyclone Debbie knocked out mines and rails by turning to an unusual source: the United States. Debbie, which hit Australia’s Queensland state last week, caused the evacuation of several mines... continue reading

Funds end March on a historically bearish note in CBOT grains: Braun

By Karen Braun | CHICAGO Speculators closed out March 2017 on the most bearish note across Chicago grains and oilseeds as a whole than they ever have for the month, but last Friday’s key reports from the U.S. Department of Agriculture may have shaken market sentiment up even more in... continue reading

Glencore to sell 51 percent of oil products storage business

Swiss-based trading and mining giant Glencore has agreed to sell a 51 percent stake in its oil products and logistics business for $775 million to China’s HNA Innovation Finance Group Ltd, the company said on Friday. Reuters earlier exclusively reported that Glencore was in talks to sell a bundle of... continue reading

After six decades, U.S. set to turn natgas exporter amid LNG boom

By Scott DiSavino The last time the United States was a net exporter of natural gas was in 1957, when Dwight Eisenhower was president. That should change in 2018 when the country is expected to become the world’s third-largest exporter of liquefied natural gas (LNG). By the end of next... continue reading

Sierentz Energy Selects Eka’s ETRM Software to Manage Natural Gas

Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, announced today that Sierentz Energy has selected Eka’s InSight CM® platform to manage trading, position, risk, scheduling, and settlement for natural gas. Eka’s ETRM solution provides real-time position, exposure, and risk management to efficiently run operations and... continue reading

OATI Maintains WebTrust Compliance for the Fifth Consecutive Year

Minneapolis, MN: March 27, 2017 OATI has successfully completed its fifth consecutive WebTrust for Certification Authorities audit. The audit, performed by Schellman & Company, LLC, formerly BrightLine, was based upon the AICPA/CICA Trust Services Principles and Criteria for Certification Authorities Version 2.0 (WebTrust for Certification Authorities Principles and Criteria) (“WebTrust... continue reading

World’s top LNG buyers form alliance to push for flexible contracts

By Jane Chung, Yuka Obayashi and Oleg Vukmanovic | SEOUL/TOKYO/MILAN The world’s biggest liquefied natural gas (LNG) buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows. Korea Gas Corp (KOGAS) said on Thursday... continue reading

New projects, shale boom could trigger oil oversupply by 2018-19: Goldman

New production projects and a fresh shale boom could boost oil output by a million barrels per year and result in an oversupply in the next couple of years, according to Goldman Sachs. “2017-19 is likely to see the largest increase in mega projects’ production in history, as the record... continue reading

The Risks Keep Evolving

As I’m sure you’ve noticed on this page, ComTech is currently conducting a snapshot survey looking at risk and risk management in energy and commodity trading.  We’ve done other risk and risk-related studies over the years, both as ComTech and as our predecessor organization, CommodityPoint. However, in the global commodities... continue reading

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