European power trading innovation: Data begets more data
Historic and real-time fundamentals are not the only information show in town, says software provider Kyos
A revolution in data availability in the European power markets offers a growing list of market participants both opportunities and challenges in management and interpretation. And it has also spawned a host of new service providers offering solutions to these actors.
In the first of a Petroleum Economist series, we spoke to Cyriel de Jong, founder of software and advisory services firm Kyos Energy Analytics, about how the market has evolved and about how data spawns more data.
Ben ReynoldsWriter and Foreign Policy Analyst in New York
In late March 2021, China and Iran finally signed a 25-year cooperation agreement known as the China-Iran Comprehensive Strategic Partnership. While final details were not publicly released and the agreement is not binding, its contours could prove significant. China has reportedly offered to invest as much as $400 billion in Iran over the course of 25 years more than an eight-fold increase over the pace of investment in the previous decade. The balance of power in the Middle East will not shift overnight, nor is China likely to jettison its partnerships with Iran’s regional rivals, but such a deal could prove a vital lifeline to Iran’s struggling economy. The ultimate fate of this long-term proposal will be tested by two crucial factors: China’s willingness to stick by its pledges in the face of international pressure, and the Iranian government’s ability to overcome domestic fears about ceding the nation’s soverei
Mol s upstream positions for the long term pemedianetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pemedianetwork.com Daily Mail and Mail on Sunday newspapers.
Dated Brent goes Cif âten key questions
Petroleum Economist asks Adi Imsirovic, former head of crude trading at Gazprom Marketing & Trading, about the major issues thrown up by Plattsâ proposed change
Price reporting agency (PRA) S&P Global Platts has proposed changing its Dated Brent assessmentâthe leading global light-sweet crude benchmarkâfrom a Fob to Cif Rotterdam basis from March of next year. It also intends to include the US WTI Midland grade in the basket alongside existing North Sea crudes.
The move has proven relatively controversial, with the Ice exchange, venue of the majority of the financial Brent trading, sending Platts a letter outlining concerns that subsequently leaked. Rival PRAs have queued up to advertise their wares as alternatives should the market choose to reject Plattsâ proposal and the PRA refuse to budge.
Ethics for petroleum Engineers - Should I Stay, or Should I Go? Tickets, Sat 20/03/2021 at 12:00 pm eventbrite.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eventbrite.com.au Daily Mail and Mail on Sunday newspapers.