Trading braces for digital transformation
The age of big data is transforming not just the upstream but energy’s spot markets
The oil and gas industry is rapidly investing in and accelerating a digital transition throughout its value chain. This means not just technological innovation in the E&P, midstream and downstream sectors, but across trading floors as well. The impact on the upstream is fairly easy to picture—leveraging artificial intelligence (AI) to improve decision-making in reservoir production or high-performance computing (HPC) to improve and increased drilling hit rates. Data’s ability to transform the markets space may be less physically tangible, but that does mean its impact will be lesser. Trading business now aim to fuse billions of data points from—necessarily backwards-looking—customs dat
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
