- 31Jul
U.S. homes and businesses receive natural gas mostly from local distribution companies
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…
0 comments Read more31JulMost U.S. utility-scale geothermal power plants built since 2000 are binary-cycle plants
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…
0 comments Read more31JulOil on track for monthly gain as dollar supports
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…
0 comments Read more31JulHail, high water and lockdown: Europe’s fruit growers prepare for tough harvest
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…
0 comments Read more31JulCross-currency confusion stalks FCA announcements
Possibility of RFR fallbacks setting on different dates creating valuation issues, say banks Source: Risk feed
0 comments Read more30JulWebinar: Business Continuity, Tighter Collaboration and Controls in a Post-COVID World
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…
0 comments Read more30JulDeglobalization trend gains pace in lithium battery supply chain
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….
0 comments Read more30JulGrain trader ADM reports higher profit, food demand during pandemic
(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…
0 comments Read more30JulSlump in €STR swap volumes at LCH leaves market guessing
Market participants are counting on July 27 discounting switch to revive key euro benchmark Source: Risk feed
0 comments Read more30JulU.S. energy consumption in April 2020 fell to its lowest level in more than 30 years
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…
0 comments Read more30JulGen10 Sees Collaboration and Cloud as Key Sales Drivers
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…
0 comments Read more30JulSingapore to end Sibor by 2024
Multi-rate approach ditched after failed efforts to enhance Sibor Source: Risk feed
0 comments Read more30JulUBL (Switzerland) AGhas chosen the OLYMPIC Banking System®
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….
0 comments Read more29JulFMS.next enriched for full automation in the loan origination and microlending process
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…
0 comments Read more29JulRecord U.S. LNG output jump lifts exports in weak market
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…
0 comments Read more29Jul2019 U.S. coal production falls to its lowest level since 1978
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…
0 comments Read more29JulFIS Energy & Commodities Delivering Containerized Version of Aligne and SaaS Version of XDM
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…
0 comments Read more29JulItaly’s gas market – an ecosystem where price takers thrive
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…
0 comments Read more28JulCubeLogic bolsters global team with two executive hires
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…
0 comments Read more28JulAfter IMO 2020, decarbonization in spotlight for shipping sector: Fuel for Thought
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…
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