Global Crude Inventories Play Powerful Role for OPEC

Ithaca, NY – May 23, 2017 – Along with shale oil production, crude oil inventories are playing a powerful role in determining global oil prices. Wall Street Journal’s “OPEC’s Foil: It Can’t Drain Enough Stored Oil”, explains the difficult time that OPEC has had in trying to balance oil prices by cutting output. Investors need[…]

Shanghai Crude Oil Futures Contract in 2017?

Ithaca, NY – May 16, 2017 – A majority of the world’s crude oil futures contracts are based on two benchmarks: West Texas Intermediate (WTI) and Brent. These contracts allow the buyer to receive a quantity of crude oil from the seller at a predetermined price at some point in the future. Traders attempt to[…]

Ursa Overcomes Cloudy Skies

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[…]

Ursa at Platts Global Crude Oil Summit

Ursa is a sponsor and will exhibit at the Platts 10th Annual Global Crude Oil Summit May 10-11. Join us in London for the “flagship oil conference” that offers a “cutting edge, market-driven agenda … for the highest quality, up-to-the-minute market intelligence and new business opportunities.” Come by to talk with Ursa about our expanded[…]

Bringing Satellites to Wall Street

Ithaca, NY – May 4, 2017 – Ursa is the first company to reliably deliver weekly reports on China’s oil inventories, disrupting financial markets and providing early insights. We developed the China Oil Storage report for energy and financial professionals who require a reliable, timely and granular dataset over China. Ursa’s China Oil Storage product[…]

Ursa Expands Coverage of Oil Inventories in China

World’s First Reliable Reports of Oil Stocks of China Ithaca, NY – May 3, 2017 – Ursa Space Systems Inc. (Ursa) today announced the worldwide release of their expanded China Oil Storage product, the first reliable report of China’s crude oil stocks. The report covers 75% of China’s crude oil tanks, including 100% of Strategic[…]