Since its industrial expansion in the mid-1800s, crude oil has been an integral commodity that underpins global industry. Its long history of volatility dates back to its earliest days of drilling when prices surged and plummeted alongside decades of shifting supply and demand. Today, crude oil prices continue to rise and fall with market conditions, geopolitical movements, and industrial development.
In this use case, we discuss how crude oil stakeholders require a specialized, robust, and market-linked solution for the commercial management of tanker fleets and cargo.
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