Although supply and demand are the most common factors in dictating the price of any commodity, the oil market is complex and prices are set based on various determinants.
Shifts in the world's energy economy have created a substantial demand for short-term, intelligent position management for commodity trading firms. As a result, these firms have turned to automated and algorithmic trading.
Discover how advanced analytics can improve decision making, grow revenue, decrease costs and increase profit throughout the entire commodity management deal-to-cash cycle and across every aspect of your organisation.
The advent of grid-scale renewable energy battery storage systems has long been viewed as the holy grail of a modern grid system that incorporates a high level of renewable energy. But with the increased use of digital grid monitors and control tools allied with interconnect trading and demand, response has so far dispelled that belief.
Asia Pacific accounts for a whopping 60 percent of the global population and has the world's fastest rising regional energy demand, according to the UN.
Disparate legacy systems cannot provide the visibility - a single source of truth - needed to stay ahead in today’s energy trading markets.
The profitability of a power station depends on many factors, several of which can be volatile. The complex interactions between these variables complicate not just operational decisions — such as choosing whether and how a power station should run — but also risk management strategies, especially when it comes to hedging.