Reuters (LSE: RTR), the global information company, and C1 Energy, a leading reporting agency on Chinese energy market, are pleased to announce an agreement to make C1 energy headlines and daily price data available to users of Reuters 3000 Xtra and Reuters Trader for Commodities.
Reuters customers will have immediate free access to C1's live intra-day news headlines and prices on the burgeoning Chinese energy markets. From March 14 to 30 April 2005, the C1 China Oil Data will be free of fees as well over Reuters via page C1ENERGY. History on oil prices from C1 Energy, the only historical price series available on China's oil market that date back to year 2000 will also be made available shortly.
Tom Gros, Global Head of Equities, Commodities & Energy at Reuters said: "C1 energy China oil data integrated with Reuters established services and trading tools for the commodities markets, will enable global energy players to use one information desktop for the diversified instruments in which they make trading decisions. This well established and reputable information on China's petroleum market within the energy community is essential to oil traders across the world."
C1 Energy director, Shen Ping said: "We choose to work with Reuters because of its commitment to offering indispensable, reliable content and analytical tools to the energy market. The analytical tools available to Reuters clients add unique value to our energy content, bringing new information and understanding to the market and boosting confidence in the prospects for China’s oil trading to the global markets."
The new C1 China Window, C1CW page on Reuters systems will carry English news headlines, intra-day prices for CFR and FOB China and local markets in various parts of China for petroleum products. Live reporting of C1's Huangpu Fuel Oil Market Open Trading Window activities, including quotations of US$ denominated Huangpu fuel oil swaps trading in Singapore - using C1 Huangpu FOB US dollar assessments, also termed MOCHA (Mean of C1 Huangpu Assessments) will be free to Reuters users. C1 plans to share its professional and comprehensive first-hand reporting from China via this Reuters headline window with the international trading community.
C1 China Oil Data, consisting of on-going daily price assessments for all major oil products freely traded in various parts of China, will now also be available to professional traders and analysts on Reuters trading platforms worldwide.