Ursa Adds Key European Oil Storage Locations

The company’s latest move in their global oil reporting expansion

Ithaca, NY – February 28, 2018 – Ursa Space Systems Inc. (Ursa) today announced the worldwide release of their new Europe Oil Storage Report, which includes 18 key locations in the European region such as Antwerp and Rotterdam.

“We’ve strategically chosen key hubs in OECD Europe that we know have the greatest potential to move the market,” said Matt Wood, Ursa’s Vice President of Sales and Marketing. “The demand in this area, specifically the Europe 5 (France, Germany, UK, Italy and Spain), averaged the third highest global demand after the US and China last year. As our customers know, Europe obviously represents a major macroeconomic factor in oil supply and demand and is top-of-mind for those tracking global oil storage.”

As with its other monitored locations, Ursa measures and reports on each monitored tank in Europe every week. Since April 2016, Ursa has successfully obtained nearly 100% of planned weekly measurements. Their collection reliability, along with Ursa’s use of synthetic aperture radar (SAR) over other geospatial technologies, is empowering users to confidently predict market movements and government data.

“We’ve intentionally set a high bar for reliability in time series data analytics,” said Adam Maher, Ursa’s Founder and CEO. “We believe this is what data users should be able to count on and we’re excited to maintain this level of reliability in key European locations and across other important regions as we continue our global expansion this year.”

Ursa’s oil storage reports provide weekly and monthly historical data as well as detailed contextual information including tank owner, crude confidence level and storage type.

The European site expansion is now available for immediate purchase, either as a standalone product or as part of Ursa’s Global Oil Storage Reporting bundle.