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
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