Digital Transformation Archives - Page 2 of 5

Online Trade Execution is a Growing Trend in the Refined-Products Industry

POSTED BY capSpire ON December 14, 2018 IN Blog, Digital Transformation, E/CTRM, Gravitate

According to Microsoft’s 2018 Global State of Multichannel Customer Service Report, 88% percent of customers worldwide expect businesses to provide online customer self-service portals. This is especially true in the U.K. (92%) and U.S. (88%) where customer support has become an increasingly high priority. The Energy space is paying attention to this trend, and industry …

5 Questions CTRM Analytics Answer: Part 4

POSTED BY Scott Creed ON November 23, 2018 IN Analytics, Blog, Digital Transformation, E/CTRM

Previously, we’ve discussed question 1, question 2, and question 3 that commodity trading and risk management (CTRM) analytics answer. Question 4: Who are my best customers? To better focus marketing initiatives and incentive offerings, reduce risks, and increase revenue, you need to identify who your most reliable and profitable customers are. These customers are the …

Improve Operational Decision Making and Maximize Profit with capSpire’s New Natural Gas Network Optimization Platform

POSTED BY Ben Ridgway ON October 19, 2018 IN Blog, Digital Transformation, E/CTRM, Optimization

The shoulder seasons bring significant uncertainty to natural-gas markets. During this time, unexpected weather events in particular can wreak havoc on spot natural-gas prices. Imagine the scenario in which bid week took place just over two weeks ago, during which baseload purchases and sales for October were negotiated, as well as firm transport on pipeline …

How Permian and Canadian Pipeline Constraints Benefit Refiners

POSTED BY Thomas Hunt ON August 27, 2018 IN Blog, Digital Transformation, E/CTRM, Optimization

Limited takeaway capacity in the Permian and the widening of the WCS-WTI spread are benefiting some independent refiners. (The Permian Basin crude hub is located in Midland, where prices are benchmarked against the WTI Cushing price [Mid-cush spread]. Canadian crude from the prolific oil sands is called the West Canadian Select, and it is settled …

Improve Customer Service and Sell More Gasoline in a Competitive Market

POSTED BY capSpire ON August 8, 2018 IN Blog, Digital Transformation, E/CTRM, Gravitate

Today’s market for buying and selling refined products is highly competitive and margins are tight. Lots of wholesale marketers compete for sales to a limited number of fuel buyers. Faced with a glut of choices, buyers tend to purchase based solely on who offers the lowest price at any given time. Unfortunately, in this landscape, …

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 …

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

POSTED BY capSpire ON May 31, 2018 IN Analytics, Blog, Digital Transformation, News

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, Digital Transformation, E/CTRM, 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, …

NGL Supply Chain Optimization Drives Profitability

POSTED BY capSpire ON May 8, 2018 IN Digital Transformation, E/CTRM, Optimization, White Paper

NGL Supply Chain Optimization Drives Profitability in Margin-Compressed Midstream Energy Space The shale revolution has increased complexity in commodity supply chains and created stress on profit margins. As a result, business leaders and their teams are under pressure to capture maximum margins. By incorporating cutting-edge, industry-specific analytics, they can make data-driven decisions that enhance profitability. …

Permian Basin: Optimizing Lease Crude Supply During a Refinery Turnaround

POSTED BY Thomas Hunt ON May 7, 2018 IN Blog, Digital Transformation, E/CTRM, Optimization

Between March and May of this year, we have seen a perfect storm of supply-and-demand imbalances in the Permian Basin. Production hit record levels of 3 million barrels per day (bpd) according to the EIA, refineries shut down for annual turnarounds, and pipeline takeaway capacity reached its limits. All this has culminated in the Midland-Cushing …