US Based Oil & Gas Trader, Rio Energy, Selects Fendahl Fusion CTRM Software
Fendahl are proud to announce that Rio Energy International Inc. (Rio Energy) has selected Fusion CTRM to manage their natural gas trading activities.
Rio Energy to date has engaged in the in the domestic and international trade of crude oil, petrochemicals, refinery feed stocks, and refined petroleum products. In addition to this they recently decided to launch a natural gas trading division, and prudently decided to select a CTRM system to support this new venture.
After undergoing an extensive selection process, Rio Energy decided that Fusion CTRM was the best fit for the business. Some of the key decision factors that enabled this decision included;
- A highly satisfied existing Fendahl customer base providing confidence in Fendahl’s ability to deliver.
- A close fit to required functionality backed by extensive commodity trading and risk management expertise and a detailed knowledge of industry business best practices.
- Fusion’s ability to cover all of Rio Energy’s commodity classes from Refined Products through to Natural Gas in a single system, removing the need to purchase and integrate multiple solutions.
- Commercials closely aligned to a successful and rapid delivery.
Fendahl looks forward to a successful long-term relationship with Rio Energy, in continuing to support them with future trading and risk management requirements.
About Rio Energy
Rio Energy, a privately held corporation, was established in 1980 in Houston, TX with the mission of providing supply and logistics solutions to its clients primarily throughout Latin America and the Caribbean.
Rio is engaged in the domestic and international trade of crude oil, petrochemicals, refinery feed stocks, and refined petroleum products.
Rio Energy’s professional staff delivers experience and expertise in all aspects of credit, finance, operations, and derivative market risk management which has allowed Rio to develop a reputation as a trusted and reliable business partner.
About Fendahl International
Fendahl Technology is a rapidly growing global CTRM software company with a dedicated team of over 300 staff with offices in the Americas, Asia, and EMEA, serving a rapidly growing global client base across multiple commodity segments. Find out more about Fusion.