DTN, the global leader in operational decisioning for energy, agriculture, and weather-driven industries today announced a significant upgrade to its Energy Digital Commerce platform. The online marketplace for physical fuel trading now incorporates prevailing industry price benchmarks from Argus, S&P Global Commodity Insights (Platts) and OPIS, a Dow Jones company.
“Our goal has always been to empower our clients with the most up-to-date and relevant information,” said Ken Evans, General Manager of Energy and Refined Fuels at DTN. “With these new benchmarks, users can now align their index-formula-related pricing strategies more closely with industry standards, potentially uncovering new opportunities for optimization and growth. In some scenarios, we’ve seen customers increase their sales volumes by up to 40% after adopting the platform.”
In some scenarios, we’ve seen customers increase their sales volumes by up to 40% after adopting the platform.”
– Ken Evans, GM Energy and Refined Fuels, DTN
Energy Digital Commerce is an online platform that streamlines fuel transactions by connecting buyers and sellers in the downstream fuels market. Buyers can access the best available prices, purchase fuel the same day (with existing credit lines), and easily manage volumes. Sellers can optimize margins, increase sales volumes, and improve deal accuracy.
The incorporation of these respected benchmarks builds upon existing features which include live, dynamic offers, built-in negotiation tools between buyers and sellers, contract integration capabilities, and automated price publishing directly from ERP systems via API.
“In the fast-paced world of energy trading, having access to reliable, industry-recognized benchmarks is crucial,” added Evans. “By incorporating these Price Reporting Agency leaders into Energy Digital Commerce, we’re providing our clients with the decision-grade data they need to navigate market volatility with greater decisioning speed and precision.”
Visit here to learn more about Energy Digital Commerce.
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