NEW YORK (Reuters) by Jessica Resnick-Ault – U.S. crude oil production rose 231,000 barrels per day, or 2 percent, to a record 10.674 million bpd in June, the U.S. Energy Information Administration said in a pair of monthly reports on…

The U.S. average retail price for regular gasoline on August 27, 2018, was $2.83 per gallon (gal), the highest price on the Monday before Labor Day since 2014, when it was $3.45/gal. The 2018 price is 43 cents/gal higher than…

The challenge of managing transnational and international AML risks is one that demands an internationally ‘joined up’ approach and a common understanding of emerging trends. Demonstrative knowledge of a commitment to the highest standards of practice and conduct is a…

Leading innovation hub brings opportunities to drive open innovation via FusionFabric.cloud London, UK, 30 August 2018, Finastra today announced that it has joined Bahrain FinTech Bay. With one of the most diverse and dynamic networks across the Middle East and Africa, the Fintech……

The Middle East LNG Institute facilitated The LNG Roundtable, supported by S&P Global Platts, in Singapore in July. Against the backdrop of LNG’s fast-increasing commoditization, participants debated “How to Trigger ‘LNG Markets 2.0’ to be Fit for Purpose for the…

Blockchain may soon become an important auxiliary tool in responsible sourcing of cobalt, a prime element in batteries for electric vehicles. Assuming, that is, international authorities or organizations are willing to help drive its implementation. The movement has already started. …

UK clearing houses may need to eject EU member positions if BoE scheme is not reciprocated by year-end Source: Risk feed

Onus is on banks to vet subcontractors during contract negotiations, regulator says Source: Risk feed

U.S. holiday weekends associated with increased driving, such as Labor Day and Memorial Day, often result in large swings or changes in gasoline product supplied. EIA uses product supplied as a proxy for U.S. gasoline consumption. Some of the largest…

Risk weight move seen as political threat to EU sovereign issuance to force Brexit equivalence deal Source: Risk feed

NewVoiceMedia, a leading provider of cloud contact centre and inside sales solutions, announced today that Tungsten Network has selected its NVM Platform to better serve its global customer-base by delivering exceptional, emotive experiences. Tungsten Network, a secure business transaction… Source:…

LONDON (Reuters) – Oil prices rose on Thursday, extending gains on growing evidence of serious disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude inventories. Benchmark Brent crude oil LCOc1 was up 30 cents…

As the US government increasingly turns to energy-sector sanctions — or the threat of them — as a foreign policy tool, some have started to question whether the strategy carries long-term risks. Iran and Russia, the chief targets of US…

Source: Financial Times, 30th August 2018 Asia-Pacific equities in mixed trading after Wall Street posts new record high Read the full article on FT.com Source: Commodities Now – Technology and Commodity – Sterling holds Brexit gains as Aussie dollar slumps…

GridGain® Systems, provider of enterprise-grade in-memory computing solutions based on Apache® Ignite™, today offered a preview of breakout sessions for the fourth annual In-Memory Computing Summit North America. The breakout session speakers include representatives from… GridGain Systems Source: Bobs Guide…

Measure touted as better gauge of VAR violations Source: Risk feed

Kynetix, the leading provider of software solutions which connect the financial markets to the physical economy are pleased to announce that their modular commodities software is now available online as a subscription service. Sentinel is a flexible, ready-to-use software solution…

Source: Financial Times, 29th August 2018 FMC aims to raise $100m for group that supplies lithium for battery-powered vehicles Read the full article on FT.com Source: Commodities Now – Power and Energy – Livent IPO to test faith in electric…

Naturipe Farms is working with Germany-based software company SAP on an initiative to lead retailers and consumer products companies using blockchain technology to improve food safety and reduce waste. The goal is to help build the next-generation of farm-to-consumer “track…

Recently, I had a call with Stefan Zähringer, General Manager at Powel AG., to catch up with developments at Powel. Mr. Zähringer noted that he was seeing several definite trends in the marketplace currently that included a distinct shift to…