Houston, TX 77046
phone 713 222 5700
fax 713 808 6220
www.fuelquest.com
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Five Greenway Plaza, Suite 1310 Houston, TX 77046 phone 713 222 5700 fax 713 808 6220 www.fuelquest.com |
FuelQuest and Energy Management Institute to Deliver Innovative Fuel Management Course
Industry Leaders Host Training in Austin March 29 – April 1
HOUSTON – (December 16, 2009) – FuelQuest, Inc., the leading on-demand software and services company for the global downstream energy industry, announced today its partnership with Energy Management Institute (EMI) to host a customized, fuel management course at Grail 2010, FuelQuest’s 6th annual user conference. The EMI program “Professional Gasoline & Fuel Management: Fundamentals of Purchasing & Hedging” will be held March 29 – March 30, at The Hilton Austin, the Grail 2010 location.
The 1½-day course will highlight the challenges facing today’s downstream market and introduce Grail attendees to all of the tools available for managing ongoing fuel volatility and their direct impact on business and operating margins. Developed for fuel suppliers, distributors, buyers and traders, the course will present real-world case studies and reveal best practices for:
The instructor team will present several purchasing and risk management scenarios along with specific hedging strategies and policies that will allow participants to develop strategic hedging plans aligned to the goals and objectives of their companies.
“With 2009 likely to end with oil prices well over 50% above where they ended in 2008, I am now expecting oil demand to outstrip supply in 2010 and expect prices to continue their upward recovery,” said Dominick Chirichella, senior partner, EMI. “An upside oil price scenario for 2010 is becoming more likely, making it business-critical to take advantage of the tools and techniques to mitigate the negative impact of higher oil prices on margins. This joint conference will be a first step in building or enhancing an overall fuel strategy.”
FuelQuest’s 6th annual user conference, Grail: “Fueling Business” will be held March 31 – April 1, and will feature high-impact, learning sessions on fuel management and tax determination. The event will bring together industry thought leaders and over 200 FuelQuest and Zytax customers for two-days of product training, product roadmap and new features reviews, and solution best practices.
“We are excited to offer a comprehensive conference for all industry executives, including partners and long term customers,” said Ted Pardee, vice president of sales and marketing for FuelQuest. “Our partnership with EMI brings together innovative and proven best practices in fuel management for every business leader that strategically manages their fuel supply for operational excellence and competitive advantage."
To register for EMI’s program, visit http://www.energyinstitution.org/education/schedule.php. To register for FuelQuest’s Grail, visit www.fuelquest.com/newsevents/events/134Grail210. All registered Grail attendees will receive a $500 discount to EMI’s seminar.
About EMI
New York-based EMI (www.energyinstitution.org) provides specialized education services to major oil companies, utilities, Fortune 500 end-users and top transportation fleets throughout the world. EMI’s fully-accredited education programs focus on intensive purchasing, risk management, and trading curricula from basic to advanced levels. As a division of Advanced Energy Commerce, Inc., it also provides critical business information services and thought leadership in the energy segments of oil, alternative fuels, gas, and power. Additionally, EMI uses its market expertise to publish a number of leading industry reports with benchmark pricing and news: Alternative Fuels Index, The Daily Hedger, Future Rack, Biofuel Age, BTU’s Daily Gas Wire, BTU’s Daily Power Report and BTU’s Natural Gas and Power Weekly.
About FuelQuest
FuelQuest, Inc. provides on-demand, web-based supply chain management and tax automation software and services for fuel suppliers, distributors and buyers in global downstream energy. FuelQuest’s Fuel Management System (FMS) automates all aspects of the fuel management process from procurement, inventory management, demand forecasting, strategic sourcing and financial reconciliation to margin analysis and environmental compliance monitoring. FMS delivers operational and financial value to customers such as 7-Eleven, Brookshire's Grocers, ConocoPhillips, Couche-Tard, Hy-Vee, MAPCO, Walmart/Sam's Club, FedEx Ground, Swift Transportation, UPS, and YRCW. The FMS solution powers the largest fuel management network in North America with more than 15 billion gallons managed annually. Zytax supplies strategic software automation solutions for indirect tax determination and excise motor fuels compliance for the energy industry. Zytax processes billions of dollars of motor fuel excise taxes per year.
Find out more online at www.fuelquest.com.