We’re pleased to work with Genscape to provide our clients with crude oil pipeline data via the ICE IM platform - Lynn Martin, President & COO at ICE Data Services
LOUISVILLE, Ky. (PRWEB) March 05, 2018
Genscape today announced that it is making its North American crude oil pipeline alert service available to market participants on ICE Instant Messaging (ICE IM). Genscape will provide critical, automated Canadian, U.S. Gulf Coast, and U.S. Mid-continent pipeline news alerts via instant message through ICE IM, detailing key crude oil pipeline shutdowns, restarts, and changes in flow rates. ICE IM is the instant messaging application for ICE Connect, the desktop and trading tools offered by ICE Data Services, which is part of Intercontinental Exchange (NYSE: ICE).
“We’re pleased to work with Genscape to provide our clients with crude oil pipeline data via the ICE IM platform,” said Lynn Martin, President & COO at ICE Data Services. “This automated data gives market participants valuable intelligence on pipeline operations to identify trading opportunities.”
Genscape measures the fundamentals that drive the North American crude oil markets, enabling market participants to leverage critical alerts and updates in their daily analysis, trading, and hedging decisions. Genscape’s vast network of proprietary monitoring technology yields accurate operations information for North American pipelines, unavailable anywhere else. Alerts available over ICE’s platform, along with Genscape’s detailed pipeline flow data, daily PDFs, and Pipeline Intelligence reports, will provide insight into the operational status of crude oil pipelines, key pieces of the energy supply chain that directly impact the price of crude oil.
Utilizing its proprietary, patented technology, Genscape captures automated data on the entire crude oil supply chain – storage inventories, pipeline, waterborne, and rail flows, and refining operations. With this greater transparency to North American crude oil pipeline flows by Genscape, market participants can more effectively calculate implied storage numbers for the key crude oil storage facilities in the U.S., identify operational supply chain impacts and refinery operational changes, and make more informed trading decisions.
To learn more or speak to an expert about Genscape’s real-time, proprietary crude oil pipeline monitoring, please email customercare(at)genscape(dot)com. For more information on ICE IM, please visit https://www.theice.com/data-and-analytics/connect.
Genscape is the leading global provider of near-real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With thousands of patented monitors strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain important insights, improve risk management, or increase operational efficiency. For more information, please visit: http://www.genscape.com
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