The recent decision by OPEC+ members to extend production cuts underscores their concern over the strength of market fundamentals, evidenced by the increase in global crude oil inventories.

At the June 2 meeting, OPEC+ was widely expected to maintain its policy of reducing supply to support oil prices. 

After a steady rise in the first quarter of 2024, oil prices have been stuck in a tight range the last few weeks without a clear narrative to provide direction.

There has been no shortage of stories involving geopolitics, OPEC+ policy, US sanctions, interest rates and China’s economy, but collectively the signals are mixed.

This marks a turnaround from the rally that defined the first three months of the year.

Just as the global auto industry is beginning to recover from the coronavirus pandemic, another crisis involving a shortage of semiconductor chips has surfaced in early 2021, raising concerns about the sector’s productivity.

How badly will car makers fare? For how long? Which companies will suffer the most?

The diversity of SAR applications means the list of use cases is quite extensive. There might even be examples you’re not familiar with yet.

Through our previous work, we demonstrated how SAR can provide ground-truth information–across a range of fields–not available elsewhere.

But those cases just scratched the surface. Let’s take another look at this topic, inspired by March Madness, an annual rite of passage familiar to our US audience.

It may feel like ages ago, but a few months back the question raging in the oil market was whether Saudi Arabia had enough spare capacity to prevent the supply crunch about to ensue when US sanctions drove Iranian exports to zero.

The guarded nature surrounding Saudi Arabia’s oil industry only stoked the debate.

A few of us traveled this week to attend the Argus Americas Crude Summit. Ursa was one of the conference sponsors.

Leveraging our deep expertise in satellite radar imagery, Ursa is able to provide reliable measurements - not extrapolations - across global supply chains day or night regardless of clouds or fog.

If you're like many people we talk to, you might not be very familiar yet with how SAR (Synthetic Aperture Radar) works and the unique capabilities SAR brings to the table as a geospatial and alternative data source.

This infographic distills this complex technology down to the basics to help summarize why we've chosen SAR as our go-to data source.

The longest streak of consecutive declines in WTI crude futures ended Tuesday at 12 straight days, leaving the oil market wondering: what just happened?

Talk of $100 oil was on the lips of some analysts in early autumn. Then came October. WTI crude fell 10.8%, its biggest monthly percentage drop since July 2016. Nor did the losses end there.

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.