OILspace adds Real-Time Shanghai Futures Prices to OILwatch
Trading information and analytical portal extends lead with Chinese market data

London, March 21, 2006

OILspaceŽ, www.oilspace.com,a leading provider of real-time, on-demand energy supply chain management and market information applications, today announced that OILwatch - its online energy portal, now carries fuel oil futures by the Shanghai Futures Exchange (SHFE). OILspace is one of only a few vendors approved to deliver Shanghai Futures.

Already widely used by energy traders, oil companies, brokerage houses, and financial institutions globally on desktops, mobile PDAs and BlackBerry, OILwatch is a powerful single-source of business intelligence and decision-support tools. It's the world's first fully web-based energy market system and delivers real-time and historical futures from NYMEX, ICE, Forex, and news and pricing benchmarks from leading publishers like Platts, C1 Energy, Dow Jones, Argus and BBC.

China, the world's No. 2 oil consumer and 3rd largest oil importer, is under the constant watch of interested foreign oil and gas sector participants as it opens and further deregulates allowing new opportunities.

By offering Shanghai Futures as a key price discovery and hedging tool for energy traders both within mainland China, and to foreign investors and companies abroad - OILspace continues to be a leading source of vital data for this burgeoning marketplace.

Kishor Sujanani, OILspace Asia-Pacific Vice President of Sales, emphasizes the importance of providing this critical business intelligence.

"Within Asia, China is Asia's largest buyer of fuel oil - so our current OILwatch subscribers need this benchmark to do business every day. And hundreds of other companies can now subscribe to OILwatch to view their Shanghai Futures along side other key Asia-Pacific news and pricing sources such as Platts, Argus, C1 Energy and Forward Market Curve," says Mr. Sujanani.

With crude oil prices sky high over the past two years, tracking the market in real-time is more important that ever."

"As China's primary energy paper trading center, Shanghai Futures Exchange cooperates with the leading professional energy market information provider - OILspace, and has further strengthened the foundation for the increasing influence of China's oil product trading on the global market." Chen Jianping, SHFE Information Department, Senior Director.

The addition of SHFE follows quickly after the addition of leading China publisher C1 Energy pricing and news, which is available in both English and Chinese languages, making OILwatch the most comprehensive source for the Chinese market.

"Our goal for OILwatch is continual advancement," says OILspace President and CEO Steve Hughes. "The addition of SHFE and C1 Energy in close succession underscores that commitment and means OILwatch builds on its position as the number one and most accessible single source of global and regional localized market information in the industry."

For a complimentary two-week trial of OILwatch contact Kai Sheng at kaisheng@oilspace.com or visit Free English Trial or Free Chinese Trial.

About OILspace:
OILspace is a leading global provider of real-time on-demand, web-based applications for oil, gas and petrochemical marketing and supply operations. Launched in 1999, OILspace solutions now run through over 400 companies of all sizes and roles within the energy supply chain. OILspace has a proven track record for delivering scalable solutions that produce measurable returns-on-investment (ROI).

About OILwatch Energy buyers, sellers, traders, and analysts rely on OILwatch as a trusted, single source to view critical news and pricing benchmarks essential for making minute-by-minute financial decisions. Its intuitive interface allows users to easily browse through panels of market data to swiftly track, chart and forecast transactions; and identify risks, trends and profitable opportunities ahead of competitors. OILwatch allows companies to save money traditionally spent on implementing, integrating and maintaining complex, multiple legacy systems. It's fully web-based with unparalleled service reliability, providing essential market visibility while in the office or traveling via handheld wireless PDA and BlackBerry devices.

Other OILspace applications include: ASPect Office, a suite of integrated front and mid-office applications, solves supply chain challenges, and links operations, processes and data across multiple offices and assets. It provides management with visibility and the tools to measure, manage, monitor and improve business through performance metrics. TeamWorks makes oil transactions and distribution easier, more efficient and more profitable for the shipping community. Integrated oil companies, traders, charterers, fleet owners and brokers collaborate to maximize results.

Contacts:

OILspace US/ Canada
Brigette Gebhard
bgebhard@oilspace.com
+1 732 797 0046

EMEA PR Agency
Sage Partnership
info@sagepartnership.com
+44 1189 344007

OILspace Asia-PAC
Kishor Sujanani
ksujanani@oilspace.com
+86 21 6122 1075