Synergies refer to the combined benefit that is realized when two or more entities, such as companies, processes, or systems, work together to produce a result that is greater than the sum of their individual effects. In the energy commodities trading sector, synergies often become a focal point during mergers and acquisitions, joint ventures, or strategic partnerships.

When two energy companies merge, for example, they may experience cost synergy by eliminating duplicate departments or operations, thus reducing expenses. They might also achieve revenue synergy through the expanded distribution network for their commodities, potentially increasing sales. Other synergies could include operational efficiencies, such as sharing of technology and know-how, or enhanced market power through combined assets and capital.

For more information about synergies, particularly in the context of business and finance, you can visit the following web pages:

1. Investopedia:
Investopedia offers detailed articles on various finance and business concepts, including synergies. They provide a comprehensive overview that is beneficial for those seeking to understand how synergies work in the corporate world.

URL: https://www.investopedia.com/terms/s/synergy.asp

2. Harvard Business Review:
Harvard Business Review is another excellent resource for articles on a variety of business-related topics. They often publish pieces that analyze the role of synergies within business strategy, mergers, and acquisitions, and management practices.

URL: https://hbr.org/2020/08/when-to-pursue-synergies-and-when-not-to

Please be mindful that the availability of web pages may change over time. If you are unable to access any of the links provided, you can use major search engines or visit reputable financial news sites, educational platforms, or academic journals for more up-to-date resources on the topic of synergies.