Industry News lysts at Citigroup said there is a “90% likelihood” of this occurring. Similar falling prices are seen in propane stocks, where production is outpacing demand considerably. In the week ending August 21, inventories were 28.1% higher than in the corresponding period last year, while demand was 6.3% lower, reported Market Realist. Global HVAC market poised for further growth A new market research report from Chisult Insight Co. suggests that the global market for HVAC equipment is poised for another year of above-average growth. The U.S. market in particular is enjoying the most favorable conditions in a decade, said Chisult, due to lower raw material costs, falling unemployment rates and increased consumer confidence, among other factors. In the commercial HVAC market, stable growth of about 5% is anticipated. Angus Analytics debuts BRITE 2.0 Angus Analytics released the newest edition of its BRITE software, version 2.0, along with a newly designed website, BRITEinfo.com. Designed for fuel dealers, the software promises to track margin trends against a budget, maximize delivery efficiency, monitor and analyze customer gains and losses and monitor weather patterns for accurate staffing and hedging, among other features. It is the only software of its kind available to the petroleum industry, according to Angus. Testo offers analyzer rebate As part of the company’s Great Leaders promotion, purchasers of a new Testo 310, 320 or 330 Combustion Analyzer will receive a $150 rebate. The promotion began on Aug. 1 and runs through Jan. 31, 2016. Visit www.testo.com for more information. AFS welcomes new territory manager Mark Smith joined Advanced Fuel Solutions (AFS) as a new Territory Manager. Smith’s responsibilities will include generating new customer sales, marketing and sales strategic planning. He brings more than 20 years of experience in the heating oil industry, including in sales management roles for HOP Energy, Diamond Delchester and Major Oil. 22 ICM/Sept/Oct 2015
ICM September-October 2015
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