Ursa Announces Release of Weekly Reports of Caribbean Oil Stocks

Ithaca, NY – Ursa Space Systems Inc. today announced the worldwide release of their Caribbean Oil Storage Report, the first reliable, weekly report of Caribbean oil inventories.

“Ursa’s coverage of the Caribbean oil storage hub is a valuable early indicator of global oil supply and demand balances, and plays a key role in regional crude markets,” said Matt Wood, Ursa’s VP of Sales and Marketing. The Caribbean islands serve as a “stopping point” for crude oil exporters in South America, Africa and the Middle East. If there is a quick surge of demand in the U.S., backup crude is available in the Caribbean.

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“The Caribbean region is an important storage hub for global oil shipments, yet data has not been readily available for organizations to make informed decisions,” said Ben Cross, former Managing Director of Morgan Stanley. “Ursa’s weekly report provides invaluable insight into the understanding of Caribbean storage on global oil fundamentals.”

“We specialize in responding to customer requests for information about parts of the world that are traditionally opaque,” said Adam Maher, Ursa’s Founder and CEO, “Our customers have emphasized the importance of the Caribbean and they appreciate our in-depth regional focus.”

The report covers over 250 tanks in 10 sites, representing approximately 100 Mbbls and 90 percent of floating-top capacity in the Caribbean. In addition, the report provides key information regarding ownership – and whether each tank is associated with a refinery.

Ursa’s Caribbean Oil Storage Report is the newest release in a series of regional expansions to achieve global oil storage coverage in early 2018. A subscription to this or other oil storage reports is available for immediate purchase. Visit our products page to request an evaluation or contact sales@ursaspace.com for more information.

About Ursa Space Systems Inc.: Ursa delivers global economic intelligence to energy and financial enterprises, providing reliable information about areas of the world that are traditionally opaque. The company was formed in early 2015 by leaders in the satellite and software security fields with the vision to unlock the potential of data and insights derived from satellite imaging. Ursa is headquartered in Ithaca, NY. For more information visit www.ursaspace.com.