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 March 6, 2019 IN Blog, Digital Transformation, Featured Resource, Optimization
Recently, hundreds of professionals in the natural gas liquids (NGL) industry gathered at the OPIS NGL Summit in Phoenix, Arizona. This is the annual conference that brings together the majority of the industry in one place to set up contracts, network, and attend educational sessions. From these presentations and conversations with attendees emerged distinct themes …
POSTED BY Thomas Hunt ON March 16, 2018 IN Blog, Digital Transformation, E/CTRM, News, Optimization
A few weeks ago, hundreds of professionals in the natural gas liquids (NGL) industry gathered at the OPIS NGL Summit in San Diego, California. This is the only annual conference that brings together the majority of the industry in one place to efficiently negotiate contracts and work out deals, network, and attend educational sessions. From …
POSTED BY Mike Scharf ON January 4, 2018 IN Blog, Digital Transformation, E/CTRM, Gravitate
We live and work in an on-demand world in which we expect information to be available whenever and where we want. This is especially true for the fuel-buying industry in which market dynamics that affect commodity prices shift from moment to moment. No commodity-marketing company wants to delay getting critical information to its buyers. And …
POSTED BY Scott Creed ON November 15, 2017 IN Analytics, Blog, Digital Transformation, E/CTRM
Commodity trading and risk management (CTRM) systems are data rich but information poor. They do a great job of capturing detail and ensuring transactional fidelity—meaning that you have clean, accurate data that can be used across the lifecycle of each transaction, including accounting, settlements, invoicing, and payables. However, it can be difficult to obtain meaningful …
POSTED BY Mike Scharf ON October 3, 2017 IN Blog, Digital Transformation, E/CTRM, Optimization
Over the last few years, the U.S. market for natural gas liquids (NGLs) has undergone significant changes that have introduced complexity and compressed margins for NGL midstream companies. Let’s discuss four of the most significant changes in the market and how NGL midstream companies can maintain healthy margins in this landscape. 1. More shale production …
POSTED BY capSpire ON September 15, 2017 IN Case Study, Digital Transformation, E/CTRM, Optimization
Major Crude-Oil Refiner Optimizes Its Supply Chain, Saving Up To 10 Cents Per Barrel A major U.S. refiner wanted to enhance its crude-marketing operation that covered more than 1,500 leases and 30 stations, and involved the transportation of more than 50,000 barrels of truck volumes each day. capSpire recommended the implementation of its Lease Crude …
POSTED BY Mike Scharf ON August 29, 2017 IN Blog, Digital Transformation, E/CTRM, Gravitate
Today’s market for buying and selling refined products is highly competitive. Lots of wholesale marketers compete for sales to a limited number of buyers. Faced with a glut of choices, buyers tend to purchase based solely on who offers the lowest price at any given time. In this landscape, your success as a seller is …
POSTED BY capSpire ON August 18, 2017 IN Digital Transformation, E/CTRM, Optimization, Video
Learn How capSpire’s Lease Crude Optimization Cloud Solution Makes it Simple to Optimize your Network: The offering includes a secure web-based portal that each energy marketer, scheduler, lease rep and manager has a unique login for. The software enables the modeling of existing supply chains in order to understand the impact on P&L due …
