Ursa Space Systems | The World From Above
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A birdseye view of the global economy. 

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This week the International Energy Agency (IEA) weighed in on the biggest question facing the oil market.

“Global oil demand has been hit hard by the novel coronavirus and the widespread shutdown of China’s economy,” the IEA said in its latest monthly report. 

Oil demand will fall by 435,000 barrels per day (bpd) in the...

The outbreak of the coronavirus has dealt a severe blow to oil demand causing prices to plummet the last few weeks, with benchmark Brent crude down nearly 20% year-to-date. 

The presumption is that crude inventories will rise as refineries cut runs, first in China and possibly elsewhere if the virus cannot be controlled...

For the first few weeks of 2020, the focus in the oil market has been on geopolitics in the Middle East and concerns about the coronavirus outbreak. 

Both stories have major implications for oil supply and demand, respectively. 

The headlines have moved prices for oil futures, but the actual impact on the physical market...

It’s the time of year to make predictions. 

This week, we attended an event hosted by the New York Energy Forum (NYEF) to discuss the outlook for oil prices. 

Where are oil prices headed in 2020? What will be the main stories impacting the market? 

A survey conducted by NYEF showed most respondents believe oil prices in 2...

How much oil is in storage in case of a supply disruption?

Over the last week, this perennial question moved front-and-center as the escalating conflict between the US and Iran put Middle East energy infrastructure at risk of becoming military targets.

The situation in the Middle East was the most dramatic in a series of...

With 2019 drawing to a close, let’s look at the news stories and events that shaped the year, as chronicled on this site.

Every week, we published a new blog aiming to show how Ursa data can be used to better understand the global oil market.

Below is a sample of the topics covered. 

Thanks for reading! And if you’d like...

What do you consider the most important US crude oil storage site?

Chances are the site is located on the Gulf Coast, the beating heart of the US oil industry. 

The Gulf Coast contains more than half of the country’s refining capacity, making it a huge demand center. The region is also the outlet for US crude exports. 


This week OPEC ministers and allies gathered in Vienna to discuss a coordinated production cut agreement set to expire in March. 

When news broke Dec 5  that the group (called OPEC+) had decided to deepen the cuts by 500,000 barrels per day (bpd), the outcome was both a surprise and expected at the same time.

Deeper cuts...

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