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Something historic recently happened along the Texas coast: Anne, the Euronav-owned VLCC crude oil tanker, tested the waters by the Occidental Ingleside Energy Center Terminal at the Port of Corpus Christi.
Now that President Trump has made it clear he’s planning to withdraw the U.S. from the Paris Agreement, businesses and governments the world over are weighing in on what it will mean.
Though oil prices have trended downward and natural gas prices have only edged higher amid a dispute involving Qatar and its neighbors, the impact could become more pronounced quickly if the current situation isn’t resolved in short order.
Once you’ve made the decision to modernize your commodity trading and risk management capabilities, you’re on the right track. After all, swapping out your spreadsheets or your years-old in-house system is the way to go. Now it’s about to get a bit more difficult.