Patrick Reames - Author Archive

Comstock Resources Selects InstaNext to Manage Oil & Gas Hedging

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

U.S. farmers scramble to contain trade-war damage, find new markets

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

Oil slumps 7 percent to one-year low as rout extends to 12 days

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

In race to fill LNG supply gap, project goalposts have changed

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

Oil prices drop as ‘trifecta of trouble’ may cause glut

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

Commentary: Hedge funds turn negative on oil – Kemp

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

Oil slumps 5 percent as global equities tumble, Saudi supply assurances

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

ICE’s new Houston crude futures contract begins trading

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

InstaNext is quietly finding solid success

InstaNext, based in Bentonville Arkansas, may not be a widely-known brand in CTRM/CM, but they have notched a number of impressive wins in the last couple of years and are a company, and a product, that is competing and winning against many of the longer established and better-known solutions in... continue reading

Eka Digital CM Platform and the changing CTRM technology paradigm

Last week, we had the opportunity to visit with Mr. Manav Garg, CEO & Founder of Eka, to discuss the company’s recent results, announcements and new developments. Referencing recent Eka press releases, Mr. Garg noted that Eka has already closed deals with 16 new customers in just the first half... continue reading

Drillinginfo Acquires Oildex Expanding Capability by Integrating Financial Automation Solutions

Austin, Texas (September 18, 2018) – Drillinginfo, the leading energy SaaS and data analytics company, has acquired Oildex, the largest oil & gas financial automation software firm in North America. This combination will transform the way the industry connects, collaborates, and automates data exchange for financial transactions and field operations. “By acquiring... continue reading

Coffee producers seek urgent talks with industry on low prices

LONDON (Reuters) by Nigel Hunt – Coffee producers are seeking urgent meetings with major customers such as Nestle, Jacobs Douwe Egberts and Starbucks to find ways to shore up prices that have slid to 12-year lows. The World Coffee Producers’ Forum, whose members account for about 85 percent of global production,... continue reading

BP, Vitol go head to head in West African crude trading

LONDON (Reuters) by Dmitry Zhdannikov – Oil major BP has clashed with rival Vitol in the once-languid West African crude market, buying up cargoes and taking a big derivative position that may have raised costs for European refiners. The West African crude market typically sees cargoes of Nigerian and Angolan... continue reading

Allegro Study: 94 Percent of Commodity Businesses Believe Advanced Analytics are Key to Future Growth

Commodity businesses turn to advanced analytics to manage explosive amounts of data as they face changes in price volatility, geopolitics, and regulatory requirements SINGAPORE, September 12, 2018 – Commodity volatility is increasing at an alarming rate, forcing market participants to adopt new business strategies and implement innovative technologies that enable... continue reading

U.S. crude production rises to record as drilling climbs in Texas: EIA

NEW YORK (Reuters) by Jessica Resnick-Ault – U.S. crude oil production rose 231,000 barrels per day, or 2 percent, to a record 10.674 million bpd in June, the U.S. Energy Information Administration said in a pair of monthly reports on Friday. The agency also revised its estimate for May up... continue reading

iRely is back and finding solid success in Ags and Softs

We had the opportunity to catch-up with iRely recently, visiting with Meetesh Shah, iRely’s president, and Greg Taylor, an experienced and well-respected CTRM executive serving on the company’s board of advisors. For those that may not be familiar with the company, iRely was founded in the early 2000’s as the... continue reading