According to the U.S. Energy Information Administration’s (EIA) Natural Gas Annual Respondent Query System, 2,022 natural gas delivery companies delivered natural gas to end-use customers in the United States in 2018. A delivery company is defined as any entity that…

Utility-scale geothermal power plants in the United States use either steam power or a binary cycle to generate electricity. Of the 2,558 megawatts (MW) of geothermal power plant capacity currently operating in the United States, 1,826 MW of capacity is…

LONDON (Reuters) – Oil prices rose on Friday and were on track for monthly gains, boosted by a weaker dollar in the face of continuing concerns over the recovery of the U.S. economy as the coronavirus ravages the world’s biggest…

PARIS/LONDON (Reuters) – Europe’s been eating more fruit under lockdown, by all accounts. The problem is, it could struggle to find people to pick it. The region’s growers are preparing for upcoming summer and autumn harvests of apples, pears and…

Possibility of RFR fallbacks setting on different dates creating valuation issues, say banks Source: Risk feed

Gen10 are happy to announce that we will be running a webinar in collaboration with commodity trading industry experts ComTech Advisory. The webinar will explore how CTRM will be a business enabler in a post-Covid world and how simple a…

The COVID-19 crisis has exacerbated concerns across the lithium-ion battery industry about China’s dominance of the supply chain. The pandemic has also highlighted the need for local supply chains, in order to improve sustainability and work towards net zero targets….

(Reuters) – U.S. agricultural merchant Archer Daniels Midland Co beat expectations for quarterly earnings on Wednesday, as it benefited from higher margins in its grain trading and oilseeds business. The company and its rivals like Bunge Ltd continued to grapple…

Market participants are counting on July 27 discounting switch to revive key euro benchmark Source: Risk feed

According to the U.S. Energy Information Administration’s (EIA) most recent Monthly Energy Review, the United States consumed 6.5 quadrillion British thermal units of energy in April 2020, the lowest monthly energy consumption since September 1989. Energy consumption in April 2020…

According to Gen10’s CEO, Richard Williamson, there certainly has been an uptick in interest in CM and CTRM solutions during the lockdown period. However, he also credits Gen10’s messaging which he believes has been helpful in turning interest into action…

Multi-rate approach ditched after failed efforts to enhance Sibor Source: Risk feed

ERI is pleased to announce that UBL (Switzerland) AG, the Zürich based subsidiary of United Bank Limited, the second largest private commercial bank in Pakistan, has selected the OLYMPIC Banking System to run its core banking and trade finance operations….

Profile Software, a leading financial solutions provider, announced today that the FMS.next advanced functionality for loans management was further enriched towards improving and simplifying the end-to-end process, over a wide range of business requirements. In view of all the legislative…

LONDON/NEW YORK (Reuters) – A sharp increase in U.S. liquefied natural gas (LNG) output in the past year has protected the country’s status as the world’s third largest exporter of the chilled fuel, despite multiple cargo cancellations this summer. Over…

In 2019, U.S. coal production totaled 706 million short tons (MMst), a 7% decrease from the 756 MMst mined in 2018. Last year’s production was the lowest amount of coal produced in the United States since 1978, when a coal…

Irina Reitgruber, Product Manager at FIS, told me that “cloud conversations are very active and that there has been a mind shift in the energy sector regarding cloud deployment of applications like CTRM and Risk.” She told us that many…

Italy has no shortage of natural gas infrastructure, from major pipelines coming from Europe and North Africa to LNG terminals. How, then, can the country still have some of the highest wholesale gas prices in Europe, rivalling even Spain, with…

London, Bangalore, Houston, Berlin. Tuesday 28th July 2020 CubeLogic, the market leading provider of enterprise risk management solutions for the energy, commodities, and financial services industries has hired David Baker as Group Chief Technology Officer and John Harris as Chief…

Shipping companies in Asia and around the globe are steaming ahead with efforts to minimize their carbon footprint as the urgency to decarbonize intensifies after a fairly smooth transition to the International Maritime Organization’s low-sulfur mandate for marine fuels. The…