Thomson Reuters Eikon to Provide Tropical Weather Insight and Analytics for Energy Market Professionals
Energy traders and analysts using Eikon can now track tropical weather systems to predict potential effects on oil and gas production sites and market prices
NEW YORK, LONDON – Thomson Reuters has added tropical weather insight and analytics to its flagship information desktop, Thomson Reuters Eikon, to help financial markets professionals better understand the influence weather may have upon commodity prices. The tropical weather service from Thomson Reuters Weather Insight is a uniquely powerful tool that allows energy traders and analysts to not only track tropical weather activity but also calculate potential loss of crude oil, refined products and natural gas production resulting from tropical disturbances.
The Weather Insight Tropical service provides an early warning of any potential weather systems and follows up with timely updates as the weather system evolves to help predict potential effects on off-shore production facilities as well as on-shore refining facilities. Detailed analysis is also available from Thomson Reuters dedicated team of meteorologists for traders trading natural gas (NG), light oil (CL), natural gas liquids (NGLs) and refined products as well as many equities.
As storms develop and increase price volatility, the service helps traders stay ahead of the market through timely updates focused upon tropical system forecasts, possible strengthening or weakening of existing tropical systems and changes of course or intensity that may dramatically alter production susceptible to long-term damage, such as off-shore drilling platforms or on-shore refining capacity.
"Every season, tropical storms have the potential to affect gas and oil production and this information moves market prices. By providing an early warning system, we are enabling Eikon users to turn the uncertainty that accompanies every tropical season to their advantage. While others are waiting and speculating, Eikon users can analyze and act," said Leigh Henson, global head of energy, Thomson Reuters. "Our Eikon desktop is constantly evolving to become a one-stop resource for the trader and with the addition now of tropical weather insight and analytics, we are ensuring that our energy users can predict and profit from the volatility caused by tropical weather patterns."
Thomson Reuters Weather Insight provides tailored weather services for the energy industry that meet the rigorous and growing needs of industry meteorologists as well as providing key market-impacting information to help traders and analysts capture weather-related alpha.
Thomson Reuters Eikon is designed to provide an intuitive, next-generation solution for consuming real-time data 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. 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.
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 thomsonreuters.com.
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