PRA's bring a great deal of value to the energy market, but at what cost?
The excuses we’ve heard over the years would be unbelievable, if we didn’t see such practices first hand. A simple process of buying oil data went from “here’s a daily report Sir” to something slightly more sinister. Starting with, the annual subscription is X, but you also need to pay extra to store the data, and another fee to view the same data on your accounting system, oh and in case you want to cancel, here is another fee as a penalty?! Did I forget, you can’t just buy the brent crude price, you have to pay for 100 oil prices….Maybe even a 1,000 oil prices as we want to make your life easier using our packages.
Data compliance for oil prices in particular has just gone to an offensive level where customers are being forced to constantly increase costs every year, with no end in sight!
As the former EMEA Head of Sales for the worlds largest Energy Price Reporting Agency and Advisor to Private Equities on the recent investment in Argus Media, our Founder, Thanvir Chowdhury formed Phycomex to help bring transparency to those that provide market transparency. You can connect with him on Linkedin to learn more about his professional experience or contact us now to find out how much you could be saving.
Our clients include some of the largest oil and energy trading, financing and distributing companies in the world, typically achieving a 20% reduction in data costs and we are proud to maintain 100% success rate since launch in 2017.