New York, NY, June 04, 2010 --(PR.com
)-- Genscape, the leading global provider of energy fundamentals information for commodity and financial markets, today announced the launch of its real-time oil refinery monitoring service. Using proprietary technology, Genscape will provide its clients with immediate updates on changes in the operational status of primary and secondary processing units at 10 refineries in the US Midcontinent.
Rather than relying on information gathering from sources in the industry, the traditional way for collecting information on refinery outages and maintenance, Genscape uses direct and constant observation of refinery units. The advantage of this method is that it captures changes instantaneously rather than having to wait for the news to spread. Also, direct observation will detect shutdowns that are not related to accidents or maintenance. These shutdowns for economic reasons are typically not captured by the existing reporting services and will give market participants added insight into petroleum product supply.
“This latest addition to our oil information suite will round out the picture for crude oil traders in the Midcontinent who already rely on our storage and pipeline information,” said Abudi Zein, Vice President at Genscape. “It will also provide petroleum product traders with more timely and reliable information on key refineries in the area,” he said.
Genscape’s twice-weekly Cushing Storage Service, and its real-time pipeline flow estimates have become the de-facto standard for timely and accurate fundamentals data for both physical and financial crude oil traders.
Genscape is the leading global provider of essential energy information for commodity and financial markets. Utilizing patented technologies and proprietary algorithms, Genscape provides accurate and timely data on capacities, flow, and utilization for all major energy commodities including power, natural gas, oil, coal, and emissions. Genscape also delivers fundamentals-based market intelligence services which market participants rely upon to better understand drivers, risks, and dynamics of regional power and gas markets.
For more information, visit www.genscape.com or contact Mike McAuliffe at (502) 583-4315 or firstname.lastname@example.org.