Why Inventory Management is More Than Just an Accounting Problem

POSTED BY Kimberly Janicki ON June 18, 2018 IN Blog, CTRM

There is a common perception that utilizing inventory-management component within commodity trading and risk management (CTRM) systems is optional. It’s considered a way to make an accountant’s life easier and often relegated to a future stage of implementation if it is considered at all. There are a few reasons for this line of thinking.  Accounting …

capSpire European Team Retreat Sets Sail in Portugal

POSTED BY Clare Annis ON June 11, 2018 IN Blog, Events

capSpire builds technology solutions for leading Energy clients around the world to make their businesses run more efficiently. But a few weeks ago, capSpire teammates faced the ultimate challenge: Competing to build boats out of sticky tape, foam, and a few pieces of wood under the pressure of a one-hour timeframe. Then the boats were …

The capSpire Boot Camp: What You Need to Know

POSTED BY Clare Annis ON June 6, 2018 IN Blog, CTRM

Are you a recent college graduate who’s considering joining the capSpire team? If so, you’re probably wondering what happens next after you go through the recruitment process. Once you’ve officially secured your place on capSpire’s team—after the obligatory celebration, of course, you will be on your way to the capSpire Bootcamp program. You may be …

How to Save Six Figures on Your Next Refinery Turnaround

POSTED BY Bernard Wehbe ON June 5, 2018 IN Blog, Optimization

You know because you likely just experienced this in March or April — refinery turnaround months are highly volatile. These changes are disruptive to your supply network and often costly. The expenses associated with diverting supply elsewhere to satisfy contractual obligations can reach into the millions of dollars in some scenarios. But what if there was …

How Data Can Be Leveraged to Your Company’s Advantage—and Maybe Even Help You Get Out of a Speeding Ticket

POSTED BY Trent Amos ON May 31, 2018 IN Blog, LCO, Optimization, Technology

You’re driving along the freeway one evening after work, going to meet friends for dinner at a local barbeque restaurant. Stuck in the middle lane behind a lawn-care truck and with an 18-wheeler to your right, you’re coasting along at a steady pace of about 65 miles per hour (mph) to keep up with traffic …

Permian Basin Bottlenecks to Benefit Regional Refiners

POSTED BY Thomas Hunt ON May 18, 2018 IN Blog, Optimization

In our last blog, we explored the impact of refinery shutdowns on the macro supply and demand of crude in regional hubs such as Midland. We also explored how refiners and midstream operators are increasingly leveraging optimization technology to help them manage their lease crude obligations during refinery shutdowns and turnarounds.   In this blog, …

Mocoh Selects CTRM system using capSpire’s Advisory Services

POSTED BY Emily Fixter ON May 14, 2018 IN Advisory Services, Blog, News, Press Release

Mocoh, a leading global supplier of crude oil and refined products, chose capSpire to help the company evaluate commodity trading and risk management (CTRM) systems. Mocoh’s decision to invest in a CTRM system followed a period of incredible growth, including its recent contract with the Nigerian National Petroleum Company. Through its advisory services and drawing …

Plug-and-Play Connectivity Between Trading Exchanges and ETRM Systems for Near-Real-Time Trade Capture

POSTED BY Lee Berry ON May 2, 2018 IN Blog, CTRM

Are you manually capturing exchange-based trades into your energy trading and risk management (ETRM) system? This can be costly and time consuming, and can lead to errors resulting in undesirable consequences to downstream position reporting and valuation. Are you interested in automatically capturing trades from your trading exchanges directly into your ETRM system? Out of …

5 Questions CTRM Analytics Answer: Part 3

POSTED BY Scott Creed ON April 23, 2018 IN Blog, CTRM

In our last few articles, we’ve discussed question 1 and question 2 that commodity trading and risk management (CTRM) analytics answer. Question 3: How is my portfolio exposed to shifting market prices? Of course, companies using CTRM platforms want to make sure that their trades are profitable. But how do you see where changes in …