Ursa Space Systems | The World From Above
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THE WORLD  FROM ABOVE

A birdseye view of the global economy. 

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This week, we're sharing data and insights related to the building inventories we're seeing in PADD 3 and Midland basin, and also potential relief for export and production backup issues.

PADD 3 Inventory Coverage

Ursa records weekly measurements of crude oil storage in PADD 3, as well as many other places around the wor...

We’ve discussed before the strong correlation between physical crude inventory levels and price movements. With the INE now in full swing, let’s take another look at this correlation - this time looking at the additional advantage offered by combining crude flows to gain an information advantage on INE price forecastin...

Egyptian oil inventories have been experiencing large swings given some major long-term events taking place in the country, including its large oil exploration deals and BP’s shift to focus more on natural gas.

In the chart below, we can see a massive jump in inventories taking place after December ‘17. Egypt has made t...

Using Ursa inventory data, we recently noticed and monitored a new trend in the European region.

At the start of every year, there tends to be a build in crude oil inventories due to a seasonality effect. This year, however, we noticed a spike in inventories that may be much higher than can be attributed to just a simpl...

Geopolitical events happening around the globe can often have both direct and indirect impacts on many industries and supply chains. Recent events in Libya, and their disruptive impact on crude oil production, are one example of this.

Using Ursa inventory data, we can confirm the events happening in the Libyan region an...

As of today, the China INE futures contract has been officially launched. In preparation, we’ve been sharing our insights - from our regular monitoring of the inventory levels at INE locations - on the contract.

Through our analysis, we’ve confirmed a strong correlation between two relevant values - Ursa INE delivery lo...

According to many sources, Iran’s oil exports are falling to a two-year low this month, including this article, which notes that this is actually the third month in a row in which exports have fallen below levels from the previous year.

However, despite all the news regarding falling OPEC exports and production cuts, me...

Is the crude oil market still rebalancing, or is U.S. shale already starting to have an effect on supply? Inventory levels in the Caribbean can provide some insight. Using Ursa’s Caribbean inventory level data, we discovered a drastic draw in the U.S. Virgin Islands in the last 8 months:

Between the end of July 2017 and...

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