Tag: London

New Data Visualization Platform Gives Traders, Analysts Better Picture of Refinery Turnaround Market

Nov. 29, 2017, 02:30 AM SUGAR LAND, Texas, Nov. 29, 2017 /PRNewswire/ — Crude and oil product traders can now make more-profitable decisions on oil price momentum by using a new data visualization tool powered by global energy-information leaders IIR Energy (Sugar Land, Texas) and BlackLight Systems Ltd. (London, United Kingdom), the companies jointly announced today. BlackLight’s Refinery Outage Module will provide market-leading decision support and analysis for IIR Energy’s flagship PetroCast Live service. Market participants must subscribe to both BlackLight and IIR Energy’s services to access the new platform, which has been one year in development. “We are tremendously... continue reading

Generation10’s Vision Takes Root

G10 has a surprising array of tools, applications, and services available to the commodities business and the company’s growth, at a time when others are retracting, is evidence that these are now finding market acceptance. CEO, Richard Williamson’s objectives for his company seem to us to be spot on with what the market is looking for and examples that we were shown demonstrate real world capabilities and use. To prove a point, I was given demonstrations of several such services. One solution I was shown was Gen10’s widely applicable In.specT platform that is being used by Intertek to map sustainability... continue reading

Peak oil? Majors aren’t buying into the threat from renewables

HOUSTON/LONDON (Reuters) – Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $8 billion over a decade into renewable technologies, even promising to power its gas stations with the sun. That transformation – marketed as “Beyond Petroleum” – led to manufacturing solar panels in Australia, Spain and the United States and erecting wind farms in the United States and the Netherlands. Today, BP (BP.L) might be more aptly branded “Back to Petroleum” after exiting or scaling back its renewable energy investments. Lower-cost Chinese components upended its solar panel business, which... continue reading

Electric cars set world’s nickel miners on new course

SYDNEY/MELBOURNE (Reuters) – Battery makers are increasingly turning to nickel to help power growing global electric car sales, but only half of the world’s producers of the metal are likely to benefit, mining analysts and executives say. Lithium batteries containing nickel, which helps keep a charge over longer distances, are being installed in electric cars from Tesla’s top-of-the-line Model X to General Motors Co modestly-priced Chevy Bolt. The battery boom promises a new and growing market for miners producing high-grade nickel products. However, half the world’s supply of the metal, comprised of so-called ferronickel and nickel pig iron grades, is... continue reading

Fees on OTC trade that use LME prices could be postponed

LONDON (Reuters) – The London Metal Exchange could defer its plans to charge fees on over-the counter contracts that reference LME prices because many of its members are on deadlines to get their systems ready for new European Union rules. The 140-year-old exchange announced last month it would start charging a new OTC fee in January balanced by cuts of other fees crucial to its physical user base designed to lure back volumes.  The Markets in Financial Instruments Directive (MiFID II) that comes into force in January 2018 across the EU, aims to apply lessons from the 2007-09 financial crisis... continue reading

Brent oil hits 27-month high on Saudi talk of extending supply cuts

NEW YORK (Reuters) by Scott DiSavino – Brent crude closed at a 27-month high on Thursday as the market focused more on comments from Saudi Arabia about ending a global supply glut instead of an unexpected increase in U.S. crude inventories and high U.S. production and exports. Brent future gained 86 cents, or 1.5 percent, to settle at $59.30 a barrel, its highest close since July 3, 2015. U.S. West Texas Intermediate crude, meanwhile, rose 46 cents, or 0.9 percent, to settle at a six-month high of $52.64, its highest close since April 17. With Thursday’s gains, Brent futures were... continue reading

U.S. shale oil industry to see wave of investment: Total CEO

LONDON (Reuters) – The U.S. shale industry will see another wave of investment as producers are betting strongly against a fall in oil prices, the chief executive of Total, Patrick Pouyanne, said on Wednesday. Pouyanne, speaking at the Oil & Money conference in London, said he expected global oil demand to grow strongly again this year, by up to 1.6 million barrels per day (bpd). “Our U.S. colleagues are hedging like mad at $56 a barrel so we will see another wave of investment in U.S. shale, no doubt about it,” Pouyanne said. A sharp fall in investment since oil... continue reading

CubeLogic accelerates growth with opening of New Office in Singapore

Expansion will enable CubeLogic to accelerate growth in sales, professional services and customer support London and Singapore. CubeLogic, a leader in business intelligence enabled risk management solutions, today announces the opening of their second office in the APAC region. The new Singapore office will service the needs of existing APAC clients and provide the ideal base for the continuing expansion of CubeLogic’s business in the region. The office will be headed up by Karl Sees, a seasoned practitioner in the risk management space. With the opening of the Singapore office, CubeLogic now offers its clients a truly global coverage alongside... continue reading

LME to expand trading around gold and silver reference prices

LONDON (Reuters) by Jan Harvey, Peter Hobson – The London Metal Exchange expects three more clearing members to join its precious metals contracts by year-end and is looking to expand trading around its gold and silver reference prices, Chief Executive Matthew Chamberlain told Reuters on Tuesday. Adding further clearing members is a top priority for the exchange as it looks to expand volumes on LME precious, the suite of gold and silver spot and futures it launched in July, Chamberlain said. “We have three clearing members who are in the testing environment now,” he said. “They have done all their... continue reading

Atum Consulting Supports CTRM Conference with Sponsorship

Atum Consulting is supporting CTRM Conference with a break sponsorship. We thank them for their support. Headquartered in London and established all across Europe and Asia, the Consultancy was created back in 2009 to advise commodity houses and investment banks on complex issues and support them on technical projects. Number one in Metals, Atum Consulting is also a key player in Agriculture and Energy — overall a true partner on physical and non-physical commodities trading, from business process and controls to system deliveries. 2017 CTRMConference  The CTRMConference is a unique 1-day event that is focused on the $1.6billion CTRM software... continue reading

Freepoint Commodities Expands into Cotton Trading; Taps Industry Veteran to Lead; Appoints Global Head of Agricultural Products

STAMFORD, Conn., Sept. 19, 2017 /PRNewswire/ — Freepoint Commodities LLC (“Freepoint”) announced today the continued expansion of its agricultural trading business with the hire of Crawford Tatum.   Mr. Tatum, who will be based outside of Auburn, Alabama, will be responsible for the build out of Freepoint’s physical cotton trading.  Mr. Tatum brings more than two decades of cotton trading experience to Freepoint, including ten years as USA Head and Global Manager of the Cotton Division at Noble Agri/COFCO. Freepoint entered the agricultural markets in 2016 with the hiring of an ingredients trading team in Leawood, Kansas, under senior trader Doug Beddome.  Later that year Freepoint added teams... continue reading

Brady Posts Interim Results

7th September 2017 Brady PLC (“Brady”, the “Company” or the “Group”) INTERIM RESULTS For the six months to 30 June 2017 Brady plc, the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, is pleased to announce its interim results for the six months to 30 June 2017. Operational Highlights The business continues its transition from a one-off licence revenue model to a recurring revenue model; • Four new licence deals signed on a recurring revenue basis in H1; • Two new energy licence deals signed following strategic decision to build connectivity... continue reading

Visiting With AnyData Solutions

An interesting trend that we have observed in recent months and years is in the development of various development platforms that allow rapid development and deployment of applications and services by IT or end users of various levels of programming competency. This week, I had a demonstration of such a platform from AnyData Solutions, a London-based company with over 30 clients worldwide. AnyData offers the KwiqVis™ end-to-end Data Management & Analytics Application Development Platform that provides the ability, without any coding or scripting, to build from the ground up data driven end-to-end solutions. The company demonstrated its Contracts application developed... continue reading

How fair is our food? Big companies take reins on sourcing schemes

Ana Ionova LONDON (Reuters) – From cocoa to tea, food and drink giants are setting their own standards for ethical sourcing of raw materials, moving away from third-party labels such as Fairtrade. Mondelez International (MDLZ.O), owner of chocolate brands Cadbury and Toblerone, Unilever (ULVR.L), behind tea brands such as Lipton and PG Tips, and Barry Callebaut, the world’s biggest producer of chocolate and cocoa products, have all introduced their own schemes. They say their targets are more comprehensive and some claim their schemes are more effective in tracking whether a product is ethically sourced every step of the way. With... continue reading

TRADESPARENT and ARCADIA AGRI announce an Alliance Partnership for Commodity Margin and Risk Management Services and Solutions.

TRADESPARENT and Arcadia Agri announced today that they have entered into a partnership to deliver innovative and high quality Commodity Margin and Risk Management services and solutions. Arcadia Agri and TRADESPARENT will work collaboratively to provide integrated commodity hedging, financial, margin and risk management services and solutions to help improve and optimize their clients’ portfolios from the commodity consumers, processing and trading community. Both companies will work together to provide executive-level expert support and will conduct joint marketing to companies. “This alliance will leverage our companies’ respective strengths in the physical commodities advisory and commodity hedging in combination with a novel software solution”, said Ito van... continue reading

Brookfield Renewable Ireland Selects Brady plcs I-SEM Cloud Solution

Cloud-based solution to support meeting new wholesale electricity market requirements under the European Target Model to increase competition, security of supply and transparency London, 29th August 2017: Brady plc (BRY.L), a leading global provider of trading, risk management and settlement solutions to the energy, commodities, and recycling sectors, announced today that Brookfield Renewable Ireland Limited, a leading owner, operator and developer of wind assets in Ireland has selected Brady’s I-SEM Cloud solution for electricity trading and settlement in the new Integrated Single Electricity Market (I-SEM). I-SEM is a new wholesale electricity market arrangement for Ireland and Northern Ireland, designed to... continue reading