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FEB 2019What you missed in London this week: IP Week
In the first part of our two-blog series, highlighting the key takeaways from a week spent in London, we wrote about a roundtable discussion in which we participated hosted by the King Abdullah Petroleum Studies and Research Center (Kapsarc).
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FEB 2019What you missed in London this week: Kapsarc
This blog is part one of a two-part series highlighting the most important things we heard during a busy week in London.
We were in town for one of the biggest events of the year on the energy calendar: International Petroleum Week 2019. The conference draws about 1,500 people over four days of panels, speeches and (of course) parties.
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FEB 2019Ursa in the News
Here’s a round-up of articles mentioning Ursa this week in case you missed them.
Bloomberg cited Ursa in two articles available to Terminal subscribers.
“Mexico Oil Loadings at Highest in Nearly a Year Amid Supply Cuts” (Feb 15) by Amy Stillman and Michelle Kim quoted Ursa inventory measurements.
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FEB 2019Waiting for El Sharara to return
Draw a line 700 km south of Tripoli through the Libyan desert and you will discover something unexpected: a town replete with a massive swimming pool, airway landing strip and modern housing accommodations.
This isn’t a hidden resort. It’s the main facility for Libya’s largest oilfield called El Sharara.
The field can produce around 315,000 barrels per day.
14
FEB 2019Can Latin America replace Venezuelan exports?
Two weeks have passed since the US imposed sanctions against Venezuela’s state-owned oil company, yet the fallout remains the biggest story in the oil market.
Where will US Gulf Coast refiners find heavy sour barrels to make up for Venezuelan supply that have been a staple of their diet?
That question shows the primary concern hasn’t been over the quantity lost as much as the quality lost.
08
FEB 2019Infographic: China Oil Storage
China's oil inventories are widely regarded as a key indicator of global demand. Utilizing this data has been challenging because until recently traders and analysts had to rely upon government sources.
In this infographic, we explain some of the ways to use Ursa's China storage data gathered from Synthetic Aperture Radar (SAR) to gain trading advantages.
07
FEB 2019The path ahead: US sanctions Venezuelan oil
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.
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JAN 2019Was Saudi Arabia tapping its crude stocks in November?
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.
29
JAN 2019Ursa and SI Imaging Services Announce Further Collaboration On Satellite Analytics
Ursa Space Systems, Inc. (Ursa) and SI Imaging Services (SIIS) have signed a multi-year contract, establishing Ursa’s continued access to KOMPSAT 5 radar satellite imagery, distributed exclusively by SIIS.
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JAN 2019What you missed in Houston this week
A few of us traveled this week to attend the Argus Americas Crude Summit. Ursa was one of the conference sponsors.
18
JAN 2019Tanker loadings spell volatility for LOOP storage
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.
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JAN 2019Stop reading the tea leaves on global inventories
The biggest question in the oil market is whether some of the biggest oil producers in the world will follow through with pledged output cuts -- causing the global oil market to tighten.