Ithaca, NY – August 9, 2017 – Ursa Space Systems Inc. (Ursa) today announced their planned expansion to provide the world’s first reliable, global oil inventory coverage. Building on Ursa’s ground-breaking China Oil Storage Report, Ursa will deliver Global oil storage reports on a region by region basis, starting with the Caribbean, Middle East/North Africa, and Europe, which are coming online in the coming months.
“Developed in close collaboration with our customers, the global oil storage reports build upon our success with Ursa’s China Oil Storage report released in May,” said Matt Wood, Ursa’s Vice President of Sales and Marketing. “Our reliable and independent measurement of global oil stocks helps our customers build a more accurate balance sheet for better insight on oil supply and demand; especially for areas of the world that are opaque.”
“Energy trading is continually revolutionized by the emergence of technologies that bring new sources of knowledge and efficiency,” says Colin Fenton of Blacklight Research, LLC. “As the promise of space-based remote sensing marched toward reality, we knew we had to find and partner with the best operation. We evaluated every competitor in this niche. Ursa is the clear winner. Our access to Ursa’s data has been a key edge for Blacklight in anticipating shifts in oil market fundamentals and prices so accurately in 2017.”
Ursa’s Oil Storage reports provide comprehensive weekly time series of crude oil stocks down to the tank level for a majority of the inventories on a regional basis. These weekly measurements can be used as an anchor in calculating an “oil balance sheet”, or used as inputs in models that predict the prices of a wide range of commodities, currencies, equities, and other financial instruments. In addition to empirical measurements, Ursa provides contextual information such as tank owner and storage type (e.g., commercial stocks, strategic stocks).
Ursa’s China Oil Storage report is available for immediate purchase, and beta test opportunities are available for the Caribbean, Middle East/North Africa, and Europe regions. Visit our products page to learn more and request an evaluation here. Contact sales@ursaspace.com for more information.
