October 9, 2013
Thomson Reuters Provides Unique Insight into Oil Supply Chain with Addition of IIR Energy Data on Eikon
LONDON, NEW YORK – Thomson Reuters today announced the addition of IIR Energy planned maintenance data for oil refineries to Thomson Reuters Eikon. The addition of IIR Energy data further expands the oil insight currently available to commodities professionals in Eikon, building upon real-time oil refinery outage data from Genscape and Thomson Reuters editorial coverage of refinery outages.
Oil refinery capacity is shifting today from smaller refineries in the West to larger refineries in the Middle East and Asia, transforming the structure of global oil hubs. With the shifts seen today in the global oil markets, it is increasingly important for oil professionals to have access to actionable oil supply chain intelligence.
Real-time outage and planned maintenance alerting is now available on Thomson Reuters Interactive Map in Eikon, allowing oil professionals to identify and monitor oil refinery status changes as they happen on an intuitive map of the world. The depth of IIR Energy scheduled maintenance data for over 600 global refineries coupled with the speed of real-time refinery status updates from Genscape provides commodities professionals with the tools they need to assess oil capacity and pricing.
“The unique combination of Genscape and IIR Energy content now available in Eikon, alongside coverage from our editorial team, provides commodities professionals with the speed and depth of oil refinery content they need to make better informed trading decisions,” said Shaun Sibley, head of commodities and energy, Thomson Reuters. “With the addition of IIR Energy data to Eikon, we are again demonstrating commitment to bringing key data, analytics and insight to our customers and creating the most comprehensive, one-stop desktop for the commodities markets.”
IIR Energy is a primary market intelligence information service organization specializing in supply side energy infrastructure information. IIR Energy offers continuously updated information covering electricity outages, new builds, refinery turnarounds, closures, capacity increases, and all midstream natural gas disruptions.
Thomson Reuters Eikon is designed to provide a powerful and intuitive next-generation solution for consuming real-time and historical data, connecting with the financial markets community and executing financial markets transactions across asset classes such as foreign exchange (FX), fixed income, commodities, equities and derivatives. It realizes Thomson Reuters vision for a financial markets desktop that is intelligent, simple and social and provides access to a messaging community of over 190,000 financial professionals. Driven by powerful search engine technology, Eikon carries real-time data, news, charts, insightful commentary, analytics and trade execution tools through views that can be customized to individual user preferences and workflow. Based on open standards, it is powered by Thomson Reuters Elektron, the Company’s low latency data and trading infrastructure.
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to http://thomsonreuters.com.