Oil prices rose last week after the International Energy Agency (IEA) predicted China’s oil demand would increase sharply in 2023, following the lifting of COVID restrictions, while Russia’s oil supply would decline under the weight of Western sanctions. 

How do you monitor key areas of the world to stay ahead of the events and topics shaping the planet?

What if your area of interest spans hundreds of miles, and requires detections on key indicators of change?

The starting point is satellite imagery, but imagery alone isn’t the answer. The size of the task is too large. A proper solution utilizes an automated approach to collect & analyze imagery, and deliver insights to a customer in a cost-effective method.

Crude oil inventories represent the difference between supply and demand, making this piece of information critical to forecasting oil prices.

There is an even greater need in the current environment considering the extreme levels of volatility and uncertainty roiling the oil market.

The US renewal of sanctions against Iran, effective Monday, will keep the market’s focus on the the impact that Washington’s efforts to penalize Tehran are having on the global oil market.

There have already been significant shifts in flows. One example is Iran boosting crude exports to the Chinese port of Dalian where bonded tanks are located.

ITHACA, NY - October 29, 2018 – Airbus Defence and Space will continue to provide access to its radar satellite data to Ursa Space Systems (Ursa), a data fusion and analytics company. Both parties signed a new four-year contract after having started their cooperation in 2015.