Bernard Wehbe, Author at capSpire

How to Simplify Demand Forecasting Using Time Series Analysis

POSTED BY Bernard Wehbe ON January 10, 2020 IN Analytics, Blog, Digital Transformation

If you’re a retailer in the commodities industry, demand forecasting is critical for understanding how much product to purchase wholesale to keep inventory at optimal levels and avoid losing money. But successfully managing data from multiple sources and leveraging it so that you have the most accurate demand forecast can be challenging. You’re probably wondering: How …

How to Save Six Figures on Your Next Refinery Turnaround

POSTED BY Bernard Wehbe ON June 5, 2018 IN Blog, Digital Transformation, E/CTRM, 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 …

4 Highlights from the 10th Argus Americas Crude Summit

POSTED BY Bernard Wehbe ON February 8, 2018 IN Blog, E/CTRM

Last month, hundreds of senior-level participants from across the entire crude supply chain gathered at the 10th Argus Americas Crude Summit in Houston, Texas, to discuss the state of the industry and crude markets around the world. At capSpire, we are pleased to report that the mood of the industry is very upbeat and the …

Nominating Lease Volumes for Maximum Profitability

POSTED BY Bernard Wehbe ON July 11, 2017 IN Blog, Digital Transformation, E/CTRM, Optimization

As you probably know all too well, each of your station nominations tends to be based on the lease-station combinations that you calculated when you first acquired the lease. Every month, you add new lease volume and subtract relinquished leases. However, as new information becomes available, reassessing each of your leases every month can be …

Win Lease Bids at the Right Price and in Less Time

POSTED BY Bernard Wehbe ON June 14, 2017 IN Blog, Digital Transformation, E/CTRM, Optimization

It’s important that 1st purchasers respond to lease bids with competitive offers to beat out many other buyers. However, it’s even more critical to pinpoint the right price—one that makes sense economically for the purchaser and ensures a wide enough margin considering factors such as the distance from lease to station, transport fees, station fees, …

Lease Crude Optimization

POSTED BY Bernard Wehbe ON March 25, 2016 IN Blog, Digital Transformation, E/CTRM, News, Optimization, Press Release

When we first embarked on developing our Lease Crude Optimization solution, crude prices were being squeezed but had not yet hit their current lows. Since that time, there have been a lot of predictions about crude prices and about the direction the market is taking. Most of these predictions have been wrong. However, the one …