Energy trading firms race to improve analytics capabilities

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


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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