LONDON, April 13, 2012 /PRNewswire/ -- The International Energy Agency (IEA) has decided to switch its data provider for oil markets to leading energy and commodity price reporting agency Argus. The IEA will use Argus for its crude oil, petroleum products, LPG and freight information. The IEA produces a number of important publications including the influential monthly Oil Market Report (OMR) which will use Argus price data in future.
The IEA was founded by OECD nations in response to the 1973-74 oil crisis. It provides authoritative and independent energy research, statistics, analysis and advice to OECD governments.
Argus Media chairman and chief executive Adrian Binks said: "We are delighted that a leading organisation such as the IEA has made the switch to Argus price assessments. This move helps to demonstrate how it is possible for even one of the largest and most complex international organisations to change its data provider."
For further information:
Seana Lanigan in London
+44 20 7780 4200
Argus Media is a leading provider of price assessments, business intelligence and market data on the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer and transportation industries. It is headquartered in London and has offices in Houston, Washington, New York, Portland, Calgary, Johannesburg, Dubai, Singapore, Tokyo, Beijing, Sydney, Moscow, Astana, Kiev, Santiago and other key centres of the energy industry. Argus was founded in 1970 and is a privately held UK-registered company.
SOURCE Argus Media