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How Data Can Be Leveraged to Your Company’s Advantage—and Maybe Even Help You Get Out of a Speeding Ticket

POSTED BY capSpire ON January 19, 2019 IN Analytics, Blog, Digital Transformation, News

You’re driving along the freeway one evening after work, going to meet friends for dinner at a local barbeque restaurant. Stuck in the middle lane behind a lawn-care truck and with an 18-wheeler to your right, you’re coasting along at a steady pace of about 65 miles per hour (mph) to keep up with traffic …

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Improve Customer Service and Sell More Gasoline in a Competitive Market

POSTED BY capSpire ON January 19, 2019 IN Blog, Digital Transformation, E/CTRM, Gravitate

Today’s market for buying and selling refined products is highly competitive and margins are tight. Lots of wholesale marketers compete for sales to a limited number of fuel buyers. Faced with a glut of choices, buyers tend to purchase based solely on who offers the lowest price at any given time. Unfortunately, in this landscape, …

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How Permian and Canadian Pipeline Constraints Benefit Refiners

POSTED BY Thomas Hunt ON January 19, 2019 IN Blog, Digital Transformation, E/CTRM, Optimization

Limited takeaway capacity in the Permian and the widening of the WCS-WTI spread are benefiting some independent refiners. (The Permian Basin crude hub is located in Midland, where prices are benchmarked against the WTI Cushing price [Mid-cush spread]. Canadian crude from the prolific oil sands is called the West Canadian Select, and it is settled …

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Improve Operational Decision Making and Maximize Profit with capSpire’s New Natural Gas Network Optimization Platform

POSTED BY Ben Ridgway ON January 19, 2019 IN Blog, Digital Transformation, E/CTRM, Optimization

The shoulder seasons bring significant uncertainty to natural-gas markets. During this time, unexpected weather events in particular can wreak havoc on spot natural-gas prices. Imagine the scenario in which bid week took place just over two weeks ago, during which baseload purchases and sales for October were negotiated, as well as firm transport on pipeline …

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5 Questions CTRM Analytics Answer: Part 4

POSTED BY Scott Creed ON January 19, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM

Previously, we’ve discussed question 1, question 2, and question 3 that commodity trading and risk management (CTRM) analytics answer. Question 4: Who are my best customers? To better focus marketing initiatives and incentive offerings, reduce risks, and increase revenue, you need to identify who your most reliable and profitable customers are. These customers are the …

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Online Trade Execution is a Growing Trend in the Refined-Products Industry

POSTED BY capSpire ON January 19, 2019 IN Blog, Digital Transformation, E/CTRM, Gravitate

According to Microsoft’s 2018 Global State of Multichannel Customer Service Report, 88% percent of customers worldwide expect businesses to provide online customer self-service portals. This is especially true in the U.K. (92%) and U.S. (88%) where customer support has become an increasingly high priority. The Energy space is paying attention to this trend, and industry …

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inventory management

Cloud-Based Enterprise Information Repository and Analytics Solution Redefined How a RightAngle User Derives Insights

POSTED BY Divvayya Kakarla ON January 19, 2019 IN Analytics, Blog, Digital Transformation, E/CTRM, RightAngle

A large refined-products retailer in the midstream space experienced a problem that could sound familiar to many other industry players: its existing risk-reporting procedures were largely manual and spreadsheet-driven. Generally, spreadsheets make handling and configuring large volumes of data difficult. But spreadsheets also lack the tools necessary to efficiently analyze daily position and P&L data, …

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Supply Chain

NGL Supply Chain Optimization Drives Profitability

POSTED BY capSpire ON January 19, 2019 IN Digital Transformation, E/CTRM, Optimization, White Paper

NGL Supply Chain Optimization Drives Profitability in Margin-Compressed Midstream Energy Space The shale revolution has increased complexity in commodity supply chains and created stress on profit margins. As a result, business leaders and their teams are under pressure to capture maximum margins. By incorporating cutting-edge, industry-specific analytics, they can make data-driven decisions that enhance profitability. …

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Lease Crude Optimization Video

POSTED BY capSpire ON January 19, 2019 IN Digital Transformation, E/CTRM, Optimization, Video

Learn About capSpire’s LCO Solution: Leases, stations (pricing, quality constraints/penalties), transportation costs, and historical tickets are loaded into the Lease Crude Optimization application either manually using our simple to use excel interface or we can integrate to internal systems. We have extensive experience with dispatch/ticketing and ETRM systems. Marketers use the Monthly Nomination feature before …

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Crude Supply

capSpire’s Gravitate Video

POSTED BY capSpire ON January 19, 2019 IN Digital Transformation, E/CTRM, Gravitate, Video

Learn About capSpire’s Gravitate: Gravitate is a customer engagement platform revolutionizing the way first purchasers and crude haulers communicate and share information amongst producers, other third party haulers, and internal marketers and dispatchers. Its most powerful feature allows users to easily configure and extend the portal to meet essential business requirements. Provides marketers and dispatchers …

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