SOURCE: Industrial Info Resources

Industrial Info Resources

June 21, 2010 05:30 ET

Complete European Refinery Coverage Now Available in PetroCast Live, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - June 21, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- Information is the key to managing risks and making money when trading energy commodities. IIR Energy's information on oil refiners is now more comprehensive than ever, boosting the ability of energy market participants to trade more confidently in refined petroleum products.

"IIR Energy has just completed a significant expansion of its European refinery coverage," said Paul Copello, president of IIR Energy. "In recent months, our researchers have added more than 1.3 million barrels of oil refining capacity to our PetroCast Live coverage of global oil refining. Now, integrated oil companies, energy traders, petroleum refiners, and financial service companies can take advantage of greater supply-side transparency in the global crude oil and refined products markets."

Petroleum refining is a global market that is becoming more dynamic every day, Copello continued. Tens of billions of dollars of physical and financial transactions are conducted every day. "Because there is virtually no slack in the system, the loss of a single processing unit at a refinery can impact the supply and price of refined products in nearby markets, as well as those located some distance away," Copello said.

By providing a continuously updated snapshot of the petroleum market, PetroCast Live helps market participants more effectively manage risks, track supplies of crude and refined products, and execute profitable trading strategies. 

"The global petroleum market is becoming more efficient every day," said Copello. "As these markets become more efficient, there are declining spreads between physical and financial transactions. Better-quality information is squeezing inefficiency out of the system. Today's petroleum markets operate 24/7/365. Timely market intelligence is the difference between success and failure in petroleum markets."

Like all IIR services, PetroCast Live is updated continuously by researchers operating on five continents. Each day, IIR researchers update the company's market data with change reporting, refinery outages, breaking news, and other critical market developments that enable market participants to more effectively engage in trading or negotiate supply deals.

The frequency with which Industrial Info verifies its market intelligence, coupled with the company's quality-assurance and data-integrity principles, is called the Living Forward Reporting Principle™ and ensures that Industrial Info provides the most accurate and timely market intelligence on industrial-activity spending around the world.

"The Living Forward Reporting Principle provides IIR Energy's clients with an important edge in the market," Copello said. "It differentiates IIR Energy from other information suppliers in the market. Because today's petroleum markets wait for no one, we have enhanced the coverage of PetroCast Live so that our customers have the best, most timely market intelligence on which to base their activities." 

Click here for an overview of IIR Energy's PetroCast Live service. Private demonstrations of the service can be arranged by contacting IIR Energy at energygroup@iirenergy.com, or by calling 1-800-762-3361 and asking for the IIR Energy Group.

About IIR Energy

A unit of Industrial Info Resources, IIR Energy is the leading provider of supply-side market intelligence for the energy market, including Electric Power Generation; Oil & Gas Storage, Transmission and Production; Alternative Fuels such as biodiesel, ethanol and coal gasification; and the Petroleum Refining industries. IIR Energy provides time-sensitive, critical market information that enables asset owners, developers, regulators, and financial and physical participants to enhance their trading strategies and minimize market risk.

Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information, send inquiries to refininggroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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