POSTED BY capSpire ON May 4, 2020 IN Analytics, Blog
To say that COVID-19 has changed the world is an understatement. Sometimes the systems that we rely upon and use everyday will experience such a shock that the underlying structures and interactions are changed forever. Right now we are making our way through a COVID-19 world, but we will move past COVID-19 and we cannot …
POSTED BY Bernard Wehbe ON January 10, 2020 IN Analytics, Blog, Digital Transformation
If you’re a retailer in the commodities industry, demand forecasting is critical for understanding how much product to purchase wholesale to keep inventory at optimal levels and avoid losing money. But successfully managing data from multiple sources and leveraging it so that you have the most accurate demand forecast can be challenging. You’re probably wondering: How …
POSTED BY Thomas Hunt ON September 23, 2019 IN Analytics, Blog, Digital Transformation
If you’ve traveled on an interstate highway lately and have had the experience of being boxed in by semi-trailers and blinded by the spray these big rigs produce, you can probably relate to the common feeling that there are far too many of these trucks on the roads and that there must be a better …
POSTED BY Thomas Hunt ON August 13, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM
In the first post of this series about crude oil load rejections, we discussed the extent of the problem, its estimated cost to producers and first purchasers, and how rejections can be predicted. These were the highlights: In our sample, first purchasers rejected 2.6% of crude oil loads because of high BS&W. The cost of …
POSTED BY Thomas Hunt ON July 16, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM, Featured Resource, Uncategorized
After the NBA finals, during which the Toronto Raptors won their first-ever championship, NPR released a podcast about the impact that data analytics had on the game. The following is capSpire’s spin on this topic and its implications for the energy industry. A New Rule The three-point shot was introduced to the NBA in 1979 …
POSTED BY Thomas Hunt ON April 29, 2019 IN Analytics, Blog, Optimization
First purchasers of crude oil often use tanker trucks to transport crude oil from tanks on well sites (leases) and deliver crude to pipeline injection points (stations). First purchasers may own their own trucks, use third-party haulers, or both. As the first interface between the producer and end users, first purchasers need to test crude …
POSTED BY capSpire ON February 27, 2019 IN Allegro, Analytics, Blog, E/CTRM
capSpire Resolved Client’s Enterprise-wide Reporting Problems with Risk Analytics A refined-products company’s supply and distribution arm is responsible for purchasing wholesale fuel and transporting the product to the company’s gas stations and other third parties throughout the U.S. by rail, pipeline, truck, barge, and vessel. Despite the rapid growth of the company, personnel within the …
POSTED BY capSpire ON January 19, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM
Tulsa, OK — Jun 09, 2015 — Due to the explosion of U.S. oil production over the last several years and recent price volatility; crude marketing is increasingly more competitive. Fluctuating prices add additional pressure to margins, creating the need for crude marketers to make more informed decisions. The shift presents both challenges and opportunities …
POSTED BY capSpire ON January 19, 2019 IN Analytics, Blog, Digital Transformation, News, Press Release
capSpire, a strategic advisory, system integration, and technology solutions firm, is pleased to launch capSpire Data Analytics. Daily news headlines boast of plummeting oil prices and an explosion in U.S. oil production resulting in lower gas prices and happy drivers. But, the tightening energy environment also means lower prices, smaller margins, and more competition for …
POSTED BY Joseph Collins ON January 19, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM
So what’s happening in Ireland’s electricity market? Well, in May 2018 the current electricity market, the Single Electricity Market (SEM), will cease to exist and it will be replaced by the Integrated Single Electricity Market (I-SEM). Two immediate questions spring to mind. Firstly, why the change? Secondly, what are the main features of this new …
