Since energy products are the backbone of the economy and are widely used by all sectors, the general belief is that a rise in energy commodity prices in translates to an increase in the price of non-energy commodities, such as metals and agricultural products. To assess the validity of this common belief, we’ll review two […]
The fiscal cliff in the United States was the hot topic surrounding domestic economic policy throughout 2012, as my colleague Ian Mathieson discussed in his year in review last December. It is safe to say that the same was true for this year as well. The global markets were once again on their toes observing […]
In an unprecedented move, China rejected a quarter of U.S. corn imports this year after discovering the corn violated its ban on specific genetically modified foods. China found 545,000 metric tons of U.S. corn unacceptable after finding it contained MIR162, an insect resistant strain of the grain (The Wall Street Journal). Although MIR162 has been […]
Traditional methods of extracting oil and fossil fuels eventually face a limit. We can only return to the same well so many times before the well runs dry, and we must look elsewhere. In the case of oil and fossil fuels, we have begun to look deeper and deeper beneath the surface of the planet […]
I began working at ZE PowerGroup Inc. (ZE) very recently. Although I still have much to learn about the complexities of data management challenges in the energy and commodities markets, I have been impressed by the scope of solutions ZE has developed to meet these challenges. I have also been impressed by the number of […]
We were most fortunate to be invited to sponsor and participate in Triple Point’s Global User Conference, Focal Point, which took place recently in New York, NY. Myself and Shilpa Mullan, our Sales Director based in New York, attended the event. I really appreciated taking part in the Thought Leadership panel, which allowed the panelists […]
Most oil companies have a dedicated team exploring new sources of energy, be it offshore crude, natural gas or any unconventional source. But, the inundating supply of crude from the Alberta oil sands and shale in the U.S. has redefined the scope and financial viability of offshore crude exploration. The official proven crude oil reserve […]
After eight years in the works, a sod-turning ceremony was held September 13, 2013 to celebrate the beginning of a new project that will result in a $5.7 billion refinery in Redwater, Alberta (about 50 km north of Edmonton) (The Globe and Mail). The Sturgeon Refinery is the first large-scale refinery to be built in […]
It’s been some time since I’ve been to an event that I’ve enjoyed as much as the P³ Executive Summit in Washington, D.C. One of the reasons this summit is so excellent is that you are really treated by Platts as an executive and favored partner. It didn’t hurt that I was there with Zak(our […]
Japan made headlines recently as the resource-impoverished country is considering methane hydrates as a new energy source in order to help gain independence from relying on natural gas imports. The 2011 tsunami forced most of the country’s nuclear power plants to close (add to that, the fact that the last running nuclear power reactor was […]