31% of oil and gas firms lack ETRM solutions

A man putting the final piece of a jigsaw together

Around 31% of oil and gas companies do not have an adequate energy trading risk management  (ETRM) system, creating heightened risk exposure and limiting a firm's ability to manage crude oil gathering and refined product operations, according to research by consultants IDC Energy Insights published in a report entitled Technology Assessment: ETRM in a Post-Recession Environment.

"Oil and gas companies are dependent on ETRM applications to get a complete view of their portfolios, which supports

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