A business strategy geared to energy transition requirements is crucial to successful trading in commodities today, according to a report released by Reuters Events, organisers of Commodities Trading USA 2022, a planned conference in June.
“Commodities Trading 2022. Market Insight Report”, written by Reuters Events in partnership with supply chain platform Tradecloud, says the energy transition “is going to vastly change” commodities industries.
“Oil and gas, for example, could one day be replaced by currently exotic fuels such as low-carbon hydrogen or renewable ammonia across many industrial power applications,” it says.
In mentioning new market developments, the report says that some purchasers of electricity re-sell it and that new players are emerging such as aggregators (brokers for deals between suppliers and consumers of energy) and flexible capacity providers.
The report has a section on the role of new technologies in the energy transition.
It also deals with ESG investment, integration of environmental, social and governance metrics into investment strategies.
Commodities Trading USA 2022 will be held in Houston, Texas, on June 7-8.
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