Will Venezuela be able to find buyers of its oil to replace customers lost as a result of US sanctions?

At stake is approximately 500,000 barrels per day exported by state-owned PDVSA to US refineries. That’s almost one-half of Venezuelan daily output.

The Louisiana Offshore Oil Port holds the enviable title as the only US facility capable of fully loading a supertanker with crude.

US crude exports have boomed since legal restrictions on exports were lifted in late 2015. The supply of light, sweet crude far exceeds the demand by domestic refiners, many of which were configured to run on heavy, sour barrels.

LOOP began to fully load supertankers in February. An average loading is roughly 2 million barrels per VLCC.

2018 was a big year for Ursa!

Early in the year we launched our Oil Storage product for all regions in the world, helping us provide the best-in-class global dataset of the world's crude oil supply. We also launched our Ursa Data Portal, a one-stop shop for users to quickly perform custom analyses of the areas that are most important to them in an interactive and beautiful page. Throughout the year we've also made innumerable enhancements to strengthen our core and future offerings.

Ursa's weekly crude inventory data for Cushing has a strong correlation to EIA's weekly data for this location. This complementary white paper demonstrates the correlation and reliability of Ursa's data, which comes out days ahead of EIA data.

We don’t just see earth from space. We like to hit the road, meet with clients and interact with folks in the industry which is exactly what we did this week.

Seven of us descended upon Houston to attend the S&P Global Platts North American Crude Oil Exports Summit, which was sponsored by Ursa.