1. Home
  2. Press Releases
  3. 2016
  4. February
  5. Thomson Reuters Forges Strategic Alliance to Further Expand Insight into World Oil Markets

February 05, 2016

Thomson Reuters Forges Strategic Alliance with Wood Mackenzie to Further Expand Insight into World Oil Markets

Thomson Reuters becomes first third-party distributor of Wood Mackenzie data, initially integrating underlying oil supply chain fundamental data into its flagship Eikon desktop as well as offering it via data feed

NEW YORK/LONDON – Thomson Reuters has forged a strategic alliance with Wood Mackenzie, a global leader in commercial intelligence for the energy, chemicals, metals and mining industry. The alliance offers Thomson Reuters customers direct access to Wood Mackenzie underlying oil supply chain fundamental data and research reports within Thomson Reuters Eikon, the company’s flagship desktop platform, and through its dedicated data feed for commodities, Thomson Reuters PointConnect. Wood Mackenzie is a Verisk Analytics (Nasdaq:VRSK) business.

The joint endeavor further expands the oil insight currently available via Thomson Reuters from a number of sources, including from Reuters news teams, Thomson Reuters energy analysts, IIR Energy, API and Genscape, to give commodities professionals, such as oil analysts and traders, one of the most comprehensive views of the oil supply chain currently available.

The new information and analysis provided by Wood Mackenzie and available through Thomson Reuters will include crude oil production, crude runs, crude slates, oil product balances and stocks, oil product prices, crack spreads and refining margins. In addition to its availability through PointConnect, the data will be fully integrated into the Eikon desktop workflow as well as being accessible through Eikon’s Interactive Map in later iterations. This further adds to the real-time outage and planned maintenance alerts already in Eikon that allow oil professionals to identify and monitor oil refinery status changes and assess oil capacity and pricing.

"Access to high quality and timely, relevant data is critical to making smarter and more informed business decisions, so we are delighted to be aligning with Thomson Reuters to make our world-leading oil data available to more people via the Thomson Reuters Eikon platform," said Steve Halliday, chief executive officer, Wood Mackenzie.

“Thomson Reuters is proud to be the first third-party able to offer Wood Mackenzie’s highly regarded oil fundamentals data directly to our customers either via our desktop or via a direct feed,” said Shaun Sibley, managing director, commodities, Thomson Reuters. “With this move, we are again demonstrating the full value of Eikon as a platform for our customers as we can work with best-of-breed content providers to deliver the depth of oil data they need to help inform trading decisions.”

Thomson Reuters Eikon is a powerful and intuitive next-generation desktop platform for consuming real-time and historical data, supporting financial markets transactions and connecting with the financial markets community. Its award-winning news, analytics and data visualization tools help its users make more efficient trading and investment decisions across asset classes and instruments including commodities, derivatives, equities, fixed income and foreign exchange. Thomson Reuters Eikon provides an open technology platform that is connected, informed and intelligent and that enables access to a messaging community of over 250,000 financial professionals via both desktop and mobile devices. Eikon’s third party development suite, App Studio, allows Eikon users and developers to create apps that display as native applications within the Eikon screen.

Thomson Reuters PointConnect combines energy and agriculture data from Thomson Reuters Research and Forecasts team and third parties into a data feed that provides a broad picture of what is driving world supply in the energy and agriculture markets


Wood Mackenzie:
Wood Mackenzie, a Verisk Analytics business (Nasdaq:VRSK), is a trusted source of commercial intelligence for the world's natural resources sector. We empower clients to make better strategic decisions, providing objective analysis and advice on assets, companies and markets. For more information, visit: www.woodmac.com or follow us on Twitter @WoodMackenzie

WOOD MACKENZIE is a trade mark of Wood Mackenzie Limited and is the subject of trade mark registrations and/or applications in the European Community, the USA and other countries around the world.


Thomson Reuters
Thomson Reuters is the world’s leading source of news and information for professional markets.  Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, visit www.thomsonreuters.com.

 

CONTACT

Kate Reid
Thomson Reuters
Tel: +44 (0)20 7542 2215
Email: kate.reid@thomsonreuters.com

Kirsten Oosterhof
Wood Mackenzie
Tel: +44 (0)131 243 4499
Email: press@woodmac.com