21
NOV 2022Dataset: Gauge Fuel Prices with Oil Inventory Index
As people take to the roads and skies for the holiday, it’s that time of the year when the cost of travel is hard to ignore.
Though fuel prices have fallen since the summer, they remain stubbornly high, keeping the focus on what comes next. Are high prices here to stay?
22
OCT 2021Oil Storage Product Undergoes Big Expansion
How do we do it?
We collect radar satellite imagery of floating-top storage tanks and apply proprietary algorithms to measure volumes. This is the only method we use. We do not estimate inventories based on crude oil flows.
You can read more /blog/an-inside-look-at-sar-based-measurements/">about our techniques and the /blog/faq-what-is-sar/">specific sensor utilized called synthetic aperture radar (SAR).
Why is this important?
08
OCT 2021Supply Crunch: Global Energy Crisis
In this blog, we examine global crude oil inventories, leveraging Ursa Space’s satellite-derived measurements of storage tanks.
The three graphs below shed light on the supply-demand balance in the oil market:
1. Global Crude Inventories
Where are global crude inventories in 2021 versus recent historical averages? Is the surplus that formed during 2020 gone?
06
NOV 2020An economic scorecard: China, Europe, US
19
OCT 2020
13
JUL 2020Story map: Tracking Amazon Deforestation
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06
JUL 2020Story map: How crude inventories help predict shipping rates
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19
JUN 2020North Dakota equipment yard shows effects of drilling slowdown
The downturn in oil prices in 2020 dealt a severe blow to US shale producers, resulting in less drilling, job losses, and a decline in output.
The US oil sector is hardly alone. Even Saudi Aramco, a famously low-cost producer, reportedly cut jobs after seeing a 25% reduction of net income in the first quarter.
05
JUN 2020Video: Ursa's Oil Inventories Country Level Capacity Dashboard
Ursa is monitoring oil storage around the world using SAR satellite data.
Watch this video tutorial to learn more about the different features you can access on our dashboard.
05
JUN 2020Global crude stock builds eased before price rebound
After a historic collapse, oil prices have been increasing, an impressive turnaround since being in free fall earlier this year.
A few weeks before hitting bottom, there were signs of fundamentals improving, providing a leading indicator for prices (keep reading).
Production cuts (OPEC, Russia, US shale), better-than-expected gasoline demand, and hopes for an economic recovery have helped lift oil prices.