Thomson Reuters adds tropical weather insight and analytics to Eikon
First Published 26th July 2012
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 information desktop, Thomson Reuters Eikon, to help financial markets professionals better understand the influence weather may have upon commodity prices.
The Weather Insight Tropical service is intended to provide an early warning of any potential weather systems and follow up with 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 team of meteorologists for traders trading natural gas (NG), light oil (CL), natural gas liquids (NGLs) and refined products as well as many equities.
"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."