NEW YORK (Reuters) by Stephanie Kelly – Oil prices dropped about 2 percent on Friday, weighed down by falling U.S. stock markets, while weak economic data from China pointed to lower fuel demand in the world’s biggest oil importer. Brent crude futures fell $1.17 to settle at $60.28 a barrel,... continue reading
LONDON (Reuters) by John Kemp – The weakening outlook for oil consumption coupled with rising output from U.S. shale and softer than expected U.S. sanctions on Iran have convinced most traders the market is moving into a period of oversupply. In the run up to last week’s OPEC meeting in... continue reading
SINGAPORE (Reuters) by Jessica Jaganathan and Henning Gloystein – Asian markets for liquefied natural gas (LNG) and oil are closely related, and both now awash in oversupply. But while data shows forward oil prices rising, LNG prices for future delivery are veering in the opposite direction. This makes it unprofitable for... continue reading
(Reuters) by David Gaffen – The United States last week exported more crude oil and fuel than it imported for the first time on record, according to data released on Thursday, the same day OPEC ended a meeting without a decision to curb global output to balance out the historic surge... continue reading
NEW YORK (Reuters) by David Gaffen – Oil fell below $60 per barrel on Wednesday after U.S. crude inventories rose for the 10th straight week amid concerns about excess global supply. Prices, however, rose from the day’s lows in tandem with a rally in stocks after a speech from Federal... continue reading
AssayLocker analyzes quality data across all commodity classes to optimize decision-making and identify trends to increase trading profitability Amphora, a leading vendor of multi-commodity trading and risk management solutions to streamline operations, reduce transaction costs and manage financial and physical transactions, unveiled today AssayLocker, the next generation data analytics tool for commodity traders. AssayLocker offers both... continue reading
Gary, in recent blog posts, touched on the future of the user interface found in CTRM systems, both near-term and futuristic (Zero UI). He and I are in complete agreement that improvements in UI’s are occurring and innovations will continue, particularly in data visualization as traders and trading staff deal... continue reading
In the soon to be released 2018 CTRM Vendor Perception Study by Commodity Technology Advisory, the strength of the combined ION acquisitions has been measured for the first time via the industry-wide survey conducted this last 6-months or so. As the survey and report represents perceptions, the study represents user... continue reading
November 15, 2018 – InstaNext, a premier provider of cloud-hosted commodity trading and risk management solutions, announced today that Comstock Resources has signed on as InstaNext’s newest E&P customer. Headquartered in Frisco, Texas, Comstock Resources (NYSE: CRK) is engaged in the acquisition, development, production and exploration of oil and natural... continue reading
ADDIEVILLE, Ill.(Reuters) by P.J. Huffstutter & Karl Plume – Clouds crowded the Illinois sky as Nick Harre walked away from his combine at the peak of harvest to join four fellow farmers in greeting some unlikely visitors. Inside a nearby seed barn, they made their pitch to eight Sri Lankan... continue reading
NEW YORK (Reuters) by David Gaffen – Oil’s slide accelerated on Tuesday, with U.S. futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply. U.S. futures closed down 7.1 percent, for a record 12th straight decline and the lowest... continue reading
LONDON (Reuters) by Sabina Zawadzki – The race is on for liquefied natural gas (LNG) producers to build export terminals as demand soars, but the criteria for financing such mega-projects have shifted as traditional relationships with LNG consumers have begun to disintegrate. Royal Dutch Shell’s (RDSa.AS) final investment decision (FID)... continue reading
NEW YORK (Reuters) by Jessica Resnick-Ault – Oil prices fell nearly 2 percent on Thursday as investors focused on swelling global crude supply, which is increasing more quickly than many had expected. The market focused on record U.S. crude production and signals from Iraq, Abu Dhabi and Indonesia that output... continue reading
LONDON (Reuters) by John Kemp – Hedge fund managers were net sellers of petroleum-linked futures and options for a fifth week running last week as concerns about sanctions on Iran evaporated and investors refocused on economic worries. The net long position in the six most important petroleum-linked futures and options... continue reading
NEW YORK (Reuters) – Oil prices plunged about 5 percent on Tuesday to two-month lows as a sell-off in global equity markets raised worries about demand growth and after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of U.S. sanctions on Iran. Brent crude... continue reading
NEW YORK (Reuters) – Intercontinental Exchange Inc said its new Permian West Texas Intermediate (WTI) crude oil futures contract deliverable in Houston, Texas, will begin trading on Monday. The trade month will be December and the contract will be deliverable at Magellan Midstream Partners LP’s East Houston terminal, ICE said... continue reading