The oil trading industry is under immense pressure. Declining oil prices have taken a toll on the industry. A glut of oil amid lagging global demand is changing trade flows and raising concerns for traditional suppliers. New ways of exploration, such as shale oil and gas extraction, have opened up new markets and shifted demand away from the established OPEC producers.
The result - the market is harder to predict; the window of opportunity for traders ever decreasing; supply chains have become even more complex and the pressure on suppliers to maintain margins and deliver operational efficiencies greater.
Inatech is part of Glencore, one of the world’s largest diversified and vertically-integrated commodity producers, processors and traders. By leveraging Glencore’s expertise and by working with a number of physical oil trading companies, Inatech has built a unique understanding of the challenges the industry faces.
Using that knowledge and expertise Inatech developed Techoil - an intelligent, integrated end-to-end cloud software product specifically designed for the oil trading industry.
Techoil helps organisations streamline trading, hedging, credit, cash flow, operations and inventory. It assists in managing risk and operating complex integrated supply chains for crude products, distillates, petrochemicals and bunkers. It handles complex interfaces easily and effortlessly manages all front, middle and back-office needs, making it the cost-effective option for oil trading companies.