Energy trading firms race to improve analytics capabilities

Surging availability of data lets firms with best market insight gain an edge

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Data analytics have long been used by energy firms, particularly oil and gas majors and commodity trading houses, to improve decision-making around operations and trading. But just in the past year, companies say that market conditions and recent developments in data and technology have given the concept a shot in the arm.

"In the last three months we've had firms coming to us that wouldn't have been on our radar before," says Chris Strickland, co-founder and chief executive of Lacima, a London-

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