HOUSTON -- CITGO Petroleum Corp. has strengthened its business partnership with DTN.
DTN TABS, a system that helps suppliers manage inventory and credit limits, will help CITGO provide systematic and consistent control of product lifting across all channels of trade at equity and selected exchange terminals to manage inventories during normal market conditions and market disruptions.
In these times of increasing volatility, higher prices and supply constraints, DTN TABS' real-time loading data from the terminal helps suppliers [image-nocss] anticipate product demand and manage inventory across the country. Terminal activity reporting also can help analysts track contract compliance and manage credit issues.
We [will] use DTN TABS to see near real-time rack demand information and manage product allocations to ensure that supply is available when our customers need it, said Rick Esser, CITGO's general manager of branded gasoline and distillate pricing. Using DTN TABS will give customers better visibility of the allocation levels before they dispatch a truck to the terminal.
DTN, a private company based in Omaha, Neb., is a business-to-business provider of real-time market, news and weather information services to agriculture, energy trading markets and other weather-sensitive industries. The company delivers on-demand market information, commodity cash prices, industry news and in-depth analysis and location-specific weather to more than 120,000 subscribers through DTN for agriculture, refined fuels and trading markets and DTN/Meteorlogix.
CITGO, based in Houston, is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals, refined waxes, asphalt and other industrial products. The company is owned by PDV America Inc., an indirect wholly owned subsidiary of Petr aleos de Venezuela SA (PDVSA), the national oil company of the Bolivarian Republic of Venezuela.
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