OILspace, the global provider of online services for the energy industry, has partnered with BBC Monitoring to enhance the authority and scope of global energy-related news to the 600 international subscribers to OILspaces OILwatch service. A specially filtered energy feed from BBC Monitoring combined with OILwatchs current news feeds from Dow Jones newswires, Platts and Reuters now give OILwatch customers unprecedented access to essential energy and geo-political news from around the world. This is the first time that BBC Monitoring Energy News will be made available to such a large commercial audience and is offered to all OILwatch real-time news customers at no extra charge.
News from BBC Monitoring is often faster than from agency feeds, which can put energy professionals in an advantageous position. Local reports of pipeline explosions, rumours of coups, terrorist attacks, strikes or political strife in oil producing countries can cause fluctuations in oil prices and share valuation. Hearing this news more swiftly will enable energy professionals to make more competitive commercial decisions.
We were impressed at the speed with which BBC Monitoring reports key stories from important oil regions such as the Middle East as they break. We know that our customers will value this additional insight into developments in key oil markets. In the near future we hope to offer OILwatch subscribers access to country specific geo-political news from BBC Monitoring for the analyst and risk management communities, said Steve Hellman, CEO of OILspace.