Ithaca, NY – May 11, 2017 – Over 50% of the Earth is covered in clouds every day. For oil storage locations specifically, many of the areas that customers are interested in are covered in clouds for much of the year (Singapore, East Coast of China, Nigeria, Venezuela, etc). Some companies try to launch enough optical satellites to have enough “shots on goal” to overcome the cloud problem. But, the reality of clouds is that they tend to sit in the same area for much of the year, and it doesn’t matter how many images are collected, clouds still win.
Quantitative time series models require reliability to function properly, while trading strategies and more macro-economic worldviews are unusable if no data exists when the decision is most vital. Signal and market trends are very sample/area dependent, so having a sporadic assortment of areas delivered each week/month/year can cause the dataset to be useless. A consistent dataset is imperative for the end user.
Ursa overcomes the cloud problem by using imagery from radar satellites. Radar is an active sensor that isn’t hampered by clouds or lighting conditions. For our China Oil Storage Report, using satellite-based radar imagery enables us to reliably observe every tank each week. We deliver a weekly report at the same time every week. You can count on it.
Ask for more details or an evaluation of our China Oil Storage Report.