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Ireland and the European Electricity Market: Changes on the Horizon

POSTED BY Joseph Collins ON January 16, 2025 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 …

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Supply Chain Optimization

capSpire Announces New Supply Chain Optimization Module to Help Energy Companies Maximize Margins

POSTED BY capSpire ON January 16, 2025 IN Blog, Digital Transformation, News, Optimization, Press Release

The capSpire Optimization Platform has been expanded to include Supply Chain Optimization (SCO) modules for energy companies working with crude and natural gas liquids (NGLs): SCO for Crude and SCO for NGLs. Supply chains are impacted by constantly moving parts, price shifts, and multiple logistics options. Manually evaluating large volumes of data and considering all …

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Supply Chain

NGL Supply Chain Optimization Drives Profitability

POSTED BY capSpire ON January 16, 2025 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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Permian basin lease crude optimization

Permian Basin: Optimizing Lease Crude Supply During a Refinery Turnaround

POSTED BY Thomas Hunt ON January 16, 2025 IN Blog, Digital Transformation, E/CTRM, Optimization

Between March and May of this year, we have seen a perfect storm of supply-and-demand imbalances in the Permian Basin. Production hit record levels of 3 million barrels per day (bpd) according to the EIA, refineries shut down for annual turnarounds, and pipeline takeaway capacity reached its limits. All this has culminated in the Midland-Cushing …

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CTRM Analytics Answer: Part 3

5 Questions CTRM Analytics Answer: Part 3

POSTED BY Scott Creed ON January 16, 2025 IN Analytics, Blog, Digital Transformation, E/CTRM

In our last few articles, we’ve discussed question 1 and question 2 that commodity trading and risk management (CTRM) analytics answer. Question 3: How is my portfolio exposed to shifting market prices? Of course, companies using CTRM platforms want to make sure that their trades are profitable. But how do you see where changes in …

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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 16, 2025 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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Permian Basin Bottlenecks to Benefit Regional Refiners

POSTED BY Thomas Hunt ON January 16, 2025 IN Blog, Digital Transformation, E/CTRM, Optimization

In our last blog, we explored the impact of refinery shutdowns on the macro supply and demand of crude in regional hubs such as Midland. We also explored how refiners and midstream operators are increasingly leveraging optimization technology to help them manage their lease crude obligations during refinery shutdowns and turnarounds.   In this blog, …

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refinery turnaround

How to Save Six Figures on Your Next Refinery Turnaround

POSTED BY Bernard Wehbe ON January 16, 2025 IN Blog, Digital Transformation, E/CTRM, Optimization

You know because you likely just experienced this in March or April — refinery turnaround months are highly volatile. These changes are disruptive to your supply network and often costly. The expenses associated with diverting supply elsewhere to satisfy contractual obligations can reach into the millions of dollars in some scenarios. But what if there was …

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Improve Customer Service and Sell More Gasoline in a Competitive Market

POSTED BY capSpire ON January 16, 2025 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 16, 2025 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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