We started the year off with our annual company kick off, this year in Bengaluru, India, home of our newest software development center, which is in addition to our long-time development center in Moscow. As our company grows, we’re adding many bright new team members, best-practices, enhanced processes, and valued clients – bringing with it all, exciting new challenges and a world of transformation.
Cast your vote for Aspect in the annual Energy Risk energy trading and risk management (ETRM) software rankings survey!
For our global team, the annual Aspect Kick Off event is a way to prepare for the year ahead through team-building activities and strategy discussions held annually in a major city. This year, employees from across the globe headed to Bengaluru, India, which is the location of our largest software development center.
It’s almost time for International Petroleum Week, one of the largest global oil and gas industry events, where energy leaders come together to network, share knowledge, and discuss the future of the industry.
Every year, IP Week brings the world's oil traders to London, and many visit the Aspect office to get a look at new features and tools being used in oil and trade risk management. During the week of the event, we invite trading professionals to visit us for personalized, one-on-one meetings with our team.
Aspect has been shortlisted for two key awards by the Commodities Business Awards for 2016: Best CTRM Software and also Best Commodity Trading and Operations Technology.
Gus Vasquez is the Americas Crude Editor at Argus Media
With actively traded markets for a range of crudes from heavy sour to light sweet, the US Gulf coast is the only region in the world that can provide benchmarks for any quality of crude at a single location. The US Gulf coast has well established and up and coming secondary benchmarks that are actively traded, enjoy ample participation and are transparent. This is positioning the US Gulf coast to potentially become a global pricing center in future and already US crude exports are pricing against these secondary benchmarks.
Topics: Oil Markets
Tonight, energy traders kicked off the holiday season at our exclusive wine tasting event in Houston. Aspect guests networked with industry professionals, explored the benefits of CTRM solutions, and enjoyed complimentary wine and hors d'oeuvres. We were so pleased with the outcome of our 2nd annual Eat, Drink, Think gathering, that we decided to do an industry first - share live updates on our social media channels and blog.
Here are a few highlights from this successful event.
Opec, which pumps roughly 40% of the world’s oil, is considering its first production cut in 8 years. The drop in output will impact the global market significantly. The end of the oil group’s pump-at-will policy will effect each of the 14 member countries’ production levels differently, although Iran is likely to be excluded from the deal. Non-Opec countries are also considering joining the pact to cut production. The details of the possible deal have not been finalized, but it is likely that Opec members will cut output to around 33 million barrels per day. Global prices and supply will be altered by Opec’s decision.
Topics: Oil Markets
The use of bunker fuel dates back to the 1950s, and the industry has experienced significant growth since then. Bunker crude, a derivative of crude oil, can be classified as any type of fuel used by a vessel. Shipping companies are always looking to improve their purchasing programs as the need for affordable, high quality fuel continues to grow.
Topics: Oil Markets
Did You Know…that AspectCTRM relies on an in-memory database for its fast processing speeds?
Exactly what does this mean to the business user?
If you ever wondered why Excel can run millions of calculations almost instantaneously when updating a cell but most ETRM or CTRM solutions, other than AspectCTRM, can take 5 minutes to open a single deal, the answer is "in-memory."