ITHACA, NEW YORK, October 5th, 2020 — AFWERX, the catalyst for fostering innovation within the U.S.

How can satellite imagery reveal what’s really happening in Libya’s oil sector these days?

The last few weeks have seen a remarkable turn of events. A blockade that caused the industry’s collapse in 2020 was partly lifted by rebel commander Khalifa Haftar. Oil production has reportedly increased, and could keep rising, if the situation holds.

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The oil spill off the coast of Mauritius in August demonstrated how satellite-based, synthetic aperture radar (SAR) can be used to assist clean-up efforts.

Ursa Space’s team of SAR experts began analyzing imagery shortly after the bulk carrier MV Wakashio struck a coral reef on July 25.

Recent upheaval in global financial markets has showcased the uncertainty that still exists over when economies will return to normal.

In last week’s blog, we examined Ursa Space data for insights, focusing on crude oil inventory measurements and automobile manufacturing activity indices.

This past week’s sharp sell-off across global financial markets revealed deep concerns over the global economy as long as the coronavirus remains a threat.

Bad news about clinical trials for an experimental COVID-19 vaccine caused investors to recalibrate expectations over when economies might return to pre-coronavirus levels.

Hopes that such a discovery could be found quickly fueled a remarkable rally in the stock market since hitting a bottom in March (Figure 1).

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