Ursa Space’s solution gives customers the ability to monitor global economic trends with data derived from satellite imagery, updated on a weekly basis.

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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.

Record-high US crude oil exports last month caused a sharp drawdown in crude storage at the only port capable of loading and off-loading supertankers.

Crude inventories at the Louisiana Offshore Oil Port (LOOP) plummeted in June, falling from 83% of capacity the week of May 30 to 36% of capacity the week of July 11, according to Ursa measurements.

The demand for barrels outpaced the supply arriving at the complex, pulling barrels out of storage.

Cushing, Oklahoma has been the center of the US oil pricing universe since 1983 when the New York Mercantile Exchange (NYMEX) began trading a crude futures contract and selected Cushing as the delivery point.

But the transformation of the US Gulf Coast into a major oil export hub has generated lots of debate about the existing pricing system. Could Cushing's decades-long run soon be over?

How would you track the different stages of oil production in the Permian Basin?

The Permian’s spectacular growth has upended the global oil market. And the oil market is hungry for every bit of information about it. Yet significant knowledge gaps exist.