Negotiating With Oil Price Reporting Agency, Simplified!14 years of oil data contract negotiation experience to help you make informed purchasing decisions
oil price reporting agency’s bring great value, but at what cost?
The Problem With Oil Price Reporting Monopoly
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!
There Is A Solution To Endless Price Increases
As the former EMEA Head of Sales for the world’s 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.
Negotiating An Oil Price Contract Was Hard Work. Until we started!
Phycomex is the only company of its kind focusing purely on benchmark oil price data providers and related systems. Over the past 3 years we have maintained 100% success, saving our clients $millions (average 20% reduction in market data spend).
Oil Price Reporting Agency
Deep oil price reporting agency specialism gained over 10 years leading the worlds largest energy data provider. Phycomex is now the worlds leading independent authority on PRA and oil information markets trusted by the leading companies in energy.
We understand third party licensing better than the third parties themselves and can show you every tactic used to trick clients into paying more than they may need to.
Conditional Fee Arrangement
Our unique business model ensures our clients only pay us from savings they would not see without our support. Only pay us if your costs are reduced.
14 Years oil Market Data Experience
Founded by former Head of EMEA Sales for the worlds largest oil price reporting agency. He grew its business 5X before launching Phycomex to simplify data compliance for buyers of oil data.
Sold over $70 Million of Oil Data
We managed 1,000’s of customer relationships across EMEA over a 10 year period. If you are an oil buyer or seller, the chances are we have had some form of a relationship in the past already. Connect on Linkedin to find out more.
£31.6M investment in Argus Media
Private Equity trusts Phycomex before making investment decision in price reporting agency Argus Media Plc.
The Alternative To The Oil Price Monopoly
We’ll show you how to reduce costs without losing access to valuable data or compromising third party licensing guidelines.
Kiss goodbye to annual price increases without additional value.
oil trader reduce data costs
Swiss Oil Trader Reduces Benchmark Oil Data Costs By 35%
Phycomex helped one of the top Oil Trading companies in Geneva reduce its cost of benchmark oil data by over 35%.
If you’re a Swiss Oil Trading Company, contact us now and we’ll put you in touch with some of your peers that we’ve helped.
oil trader Reduce Data Costs
Global Fuel Oil Trader Reduces Energy Data Cost by 20%
After years of struggle negotiating with the oil price reporting “monopoly” (information provider), one of the largest fuel oil traders in the world approached us for help.
Phycomex optimised data feeds and related systems and services which resulted in a 20% reduction on their biggest data spend, saving millions.
oil trader reduce data costs
Europe’s Most Active Oil Trader Reduces Benchmark Data Costs By 20%
One of the most active products traders on the “window” reduced its oil data costs by over 20% after months of support and guidance from Phycomex.
Simplify oil data procurement and let us help you get a fair deal!