Thomson Reuters exclusive redistributor of Gens...

Increased trading opportunities for Thomson Reuters commodities customers

London - 4 March, 2010 - Thomson Reuters today announced that it has signed an
agreement with Genscape, the leading global provider of proprietary energy
information for commodity and financial markets, to provide Thomson Reuters
commodities customers with exclusive redistributor access to Genscape's unique
mid-week oil storage report for America's top oil storage hub in Cushing,
Oklahoma.

Cushing, Oklahoma boasts one of the largest concentrations of crude oil storage
tanks in the world and is the delivery point for the physical settlement of the
CME/NYMEX crude oil futures contract. Unlike other storage sites, Cushing is
some distance from the nearest refinery so oil stored at the site is mainly held
for trading rather than operational reasons.

In addition to counting toward total crude oil inventories in the United States
- a figure which has a large effect on global crude oil prices - the Cushing
storage number is a strong indicator of expectations for future price movements
and is the physical yardstick that best reveals the thinking of speculative
futures and forward traders. Traders in the international crude markets have
over time increased their trading activity around the Cushing oil storage
numbers.

The US Energy Information Administration (EIA) has, since 2004, surveyed a
number of Cushing storage operators on Fridays, before publishing its data on
the following Wednesday at 10:30 am US eastern time. However the EIA data is
based on accounting changes, not actual storage meter readings, and is published
five days after the survey is completed.

In order to provide the market with a more detailed and timely gauge of the
level of Cushing storage, Genscape, in early 2009, started remotely and directly
measuring the storage levels. The company takes pictures in the visual and
infra-red spectrum of every tank (more than 300 in total) before using
proprietary tools to establish the storage level. The Midweek Storage Report
data collected on Tuesday is released on Thursday and gives market participants
a good indication of what to expect for the following week's EIA release days
ahead of the rest of the market.

Genscape has recorded an increase in trading activity around the release of its
data on Mondays and Thursdays and anticipates a high level of interest in the
broader distribution of the midweek number.

Thomson Reuters commodities customers will now have exclusive redistributor
access to Genscape's midweek figures (measured on Tuesday and released on
Thursday). The data will have the most recent total storage, as well as a
breakdown by operator. It will also include the change from the previous week,
and the change from the Genscape number measured on the previous Friday and
published on the previous Monday.

Leigh Henson, Global Head of Oil & Transport, Thomson Reuters, said, "The
addition of this valuable content from Genscape demonstrates Thomson Reuters
commitment to provide our clients unique intelligent information and associated
tools they need to succeed in today's volatile markets."

Abudi Zein, vice president, Genscape, said, "We look forward to working with
Thomson Reuters on enhancing market transparency and increasing trading
liquidity. We believe our midweek number will allow participants to trade around
an accurate, additional data point."

Thomson Reuters
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, legal, tax and accounting, healthcare 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 more than 50,000 people and operates in over 100 countries. For more
information, go to www.thomsonreuters.com <

http://www.thomsonreuters.com/>

Genscape
Genscape is a leading global provider of 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.  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, go to www.genscape.com <

http://www.genscape.com/>.




 CONTACTS

 Ian Villiers                            Michael McAuliffe
 Thomson Reuters                         Genscape Inc.

 PR Director Sales & Trading             Vice President Sales
 [phone]                        [phone]
 [e-mail]         [e-mail]
 <mailto:[e-mail] <mailto:[e-mail]
 >                                       >





[HUG#1390773]





    Press Release (PDF): 

http://hugin.info/142273/R/1390773/348710.pdf