Commodity

Basic Energy Services Announces Actions in Response to Recent Market Volatility

Thursday, March 26, 2020 - 9:17pm

Basic Energy Services, Inc. (OTCQX: BASX) (Basic or the Company) today announced that the Company is implementing several cost control and capital preservation measures in response to the rapidly changing market outlook in a lower commodity price environment as well as market uncertainty related to the impact of the COVID-19 virus.

Key Points: 
  • Basic Energy Services, Inc. (OTCQX: BASX) (Basic or the Company) today announced that the Company is implementing several cost control and capital preservation measures in response to the rapidly changing market outlook in a lower commodity price environment as well as market uncertainty related to the impact of the COVID-19 virus.
  • "At the same time, we have acted decisively to counteract the rapidly changing market conditions.
  • We will continue to be vigilant and act aggressively to match our costs to market activity levels and to preserve liquidity.
  • Basic Energy Services provides wellsite services essential to maintaining production from the oil and gas wells within its operating areas.

Barchart Releases Daily Price Assessment Report for International Grain Markets

Thursday, March 26, 2020 - 1:00pm

CHICAGO, March 26, 2020 /PRNewswire/ --Barchart, a leading provider of data and analytics to the commodities industry, announces the release of a free daily report that provides benchmark price assessments for international cash grain markets.

Key Points: 
  • CHICAGO, March 26, 2020 /PRNewswire/ --Barchart, a leading provider of data and analytics to the commodities industry, announces the release of a free daily report that provides benchmark price assessments for international cash grain markets.
  • Alongside additional commodity price reports available from cmdty by Barchart, the Daily International Grain Price Report is delivered to users' inboxes every morning and presents global pricing insights across grains, oilseeds, vegetable oils, and feed markets.
  • "The International Grain Price Report is a key tool for physical grain and oilseed market participants to receive actionable insights regarding the current value of global physical commodities, and we're excited to deliver this data to our subscribers," says Mark Haraburda, CEO of Barchart.
  • To subscribe to the International Grain Price Report, please click here .

Eka Announces Free COVID-19 Risk Monitoring Application to Help Commodity Companies Assess and Mitigate Supply Chain Risk

Tuesday, March 24, 2020 - 5:30pm

NEW YORK, March 24, 2020 /PRNewswire-PRWeb/ -- Eka Software Solutions, the #1 cloud platform for commodity management, announced the release of COVID-19 Risk Monitoring, a free app designed to help customers and prospects quickly gain visibility into supply chain risks to better assess and mitigate risk.

Key Points: 
  • NEW YORK, March 24, 2020 /PRNewswire-PRWeb/ -- Eka Software Solutions, the #1 cloud platform for commodity management, announced the release of COVID-19 Risk Monitoring, a free app designed to help customers and prospects quickly gain visibility into supply chain risks to better assess and mitigate risk.
  • As soon as we realized the impact of the virus, we turned our resources to create a new app to help mitigate the risk to businesses and supply chains.
  • Armed with this intelligence, companies can take preventative and corrective actions that mitigate risks and help keep supply chain operations robust.
  • Eka has offices across the Americas, Asia, Australia, and EMEA serving 100+ customers globally across multiple commodity segments.

Chemicals Global Industry Almanac 2014-2023

Thursday, March 12, 2020 - 2:00pm

Global Chemicals industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023).

Key Points: 
  • Global Chemicals industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023).
  • Essential resource for top-line data and analysis covering the global chemicals market.
  • - The chemicals market consists of speciality chemicals, commodity chemicals, agricultural chemicals, and other chemicals (which include products such as pharmaceutical chemicals).
  • - Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global chemicals market
    - What was the size of the global chemicals market by value in 2018?

Devon Energy Reduces 2020 Capital Spending and Provides Financial Update

Thursday, March 12, 2020 - 10:55am

OKLAHOMA CITY, March 12, 2020 (GLOBE NEWSWIRE) -- In response to the challenging commodity price environment, Devon Energy (NYSE: DVN) has announced an immediate decrease in capital spending of $500 million for the full-year 2020.

Key Points: 
  • OKLAHOMA CITY, March 12, 2020 (GLOBE NEWSWIRE) -- In response to the challenging commodity price environment, Devon Energy (NYSE: DVN) has announced an immediate decrease in capital spending of $500 million for the full-year 2020.
  • The revised capital budget of approximately $1.3 billion represents a decline of nearly 30 percent compared to its previously announced 2020 capital plan.
  • The company expects to provide a detailed update to its 2020 guidance in conjunction with first-quarter reporting.
  • Beyond the immediate spending cuts announced today, Devon is prepared to further tailor capital activity lower throughout the year should commodity prices remain weak to protect its financial strength.

Euromoney adds to its price reporting business, Fastmarkets, with the acquisition of Census Commodity Data

Monday, March 9, 2020 - 2:00pm

The acquisition expands the Fastmarkets price reporting business into the agriculture market, where globalization of trade flows and commodity price volatility is increasing dependency on pricing and market news.

Key Points: 
  • The acquisition expands the Fastmarkets price reporting business into the agriculture market, where globalization of trade flows and commodity price volatility is increasing dependency on pricing and market news.
  • Through its excellent team and leadership, AgriCensus has started the process to provide much-needed price discovery in these opaque markets.
  • Fastmarkets is the leading price reporting, analytics and events organization for the global metals, mining and forest products markets.
  • Euromoney is a leading international business-to-business information group focused primarily on the global commodities, banking and asset management markets.

S&P Global Platts Launches New Platform to Help Digitize Commodity Markets

Monday, February 24, 2020 - 9:30am

This marks the beginning of a multi-phased investment plan focusing on improving the customer experience in increasingly digitized commodity markets.

Key Points: 
  • This marks the beginning of a multi-phased investment plan focusing on improving the customer experience in increasingly digitized commodity markets.
  • Silvina Aldeco-Martinez, Chief Product Officer, S&P Global Platts said: "Shifting geopolitics, growing focus on energy transition and technology evolution are driving fundamental changes to global commodity markets that will see levels of integration and interconnectivity across different commodities increase exponentially.
  • "The new S&P Global Platts Platform represents the first step in a vision for the commodities industry which activates the power of data.
  • The Platts Platform complements existing product delivery and forms a core part of the S&P Global Platts digital vision that includes delivering customers market leading insights though multiple channels.

Energy/Electricity Hedging, Trading, and Commodity Markets (Houston, United States - October 8-9, 2020) - ResearchAndMarkets.com

Friday, February 21, 2020 - 6:06pm

How physical and cash-settled futures contracts, over-the-counter energy swaps, and physical forward contracts are traded and the purposes served by these markets.

Key Points: 
  • How physical and cash-settled futures contracts, over-the-counter energy swaps, and physical forward contracts are traded and the purposes served by these markets.
  • What basis risk is, and how basis, spread, LMP, and delivery risks can blow up your energy and electricity hedges.
  • Why Trigger Deals are so popular, and what the difference is between the financial and physical basis ("fin" and "phys").
  • How to structure profitable energy, electric power, and petroleum transactions without exposure to price risk; and how to financially turn one commodity into another.

Energy/Electricity Hedging, Trading, and Commodity Markets (Brisbane, United States - August 13-14, 2020) - ResearchAndMarkets.com

Friday, February 21, 2020 - 5:52pm

How physical and cash-settled futures contracts, over-the-counter energy swaps, and physical forward contracts are traded and the purposes served by these markets.

Key Points: 
  • How physical and cash-settled futures contracts, over-the-counter energy swaps, and physical forward contracts are traded and the purposes served by these markets.
  • What basis risk is, and how basis, spread, LMP, and delivery risks can blow up your energy and electricity hedges.
  • Why Trigger Deals are so popular, and what the difference is between the financial and physical basis ("fin" and "phys").
  • How to structure profitable energy, electric power, and petroleum transactions without exposure to price risk; and how to financially turn one commodity into another.

Energy/Electricity Hedging, Trading, and Commodity Markets (New York City, United States - June 25-26, 2020) - ResearchAndMarkets.com

Friday, February 21, 2020 - 5:52pm

How physical and cash-settled futures contracts, over-the-counter energy swaps, and physical forward contracts are traded and the purposes served by these markets.

Key Points: 
  • How physical and cash-settled futures contracts, over-the-counter energy swaps, and physical forward contracts are traded and the purposes served by these markets.
  • What basis risk is, and how basis, spread, LMP, and delivery risks can blow up your energy and electricity hedges.
  • Why Trigger Deals are so popular, and what the difference is between the financial and physical basis ("fin" and "phys").
  • How to structure profitable energy, electric power, and petroleum transactions without exposure to price risk; and how to financially turn one commodity into another.