06
JUL 2020Story map: How crude inventories help predict shipping rates
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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.
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MAY 2020Story map: China Crude Inventories
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08
MAY 2020Video: Global Oil Storage Trends & COVID-19
An unprecedented decline in oil demand has caused inventories to build sharply in 2020. The potential for storage to "run out" by this summer has been widely raised, sowing panic in the oil market.
Is this true? How full are global crude inventories? Do inventory levels vary depending on geography? Where are stocks highest? Have any locations hit a plateau?
These are some of the questions we covered in a recent webinar using Ursa inventory data. Click below to watch the video.
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APR 2020Story map: Port Monitoring
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24
APR 2020Oil storage rising: Cushing and beyond
The amount of oil held in storage at Cushing, Oklahoma led to one of the biggest stories in the world this week.
WTI oil futures traded Monday (April 20) in negative territory for the first time ever. You got paid to buy oil.
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APR 2020Using satellite imagery to monitor China amid COVID-19
There are signs of economic life in China after months of paralysis.
A car factory in Tianjin. A freight railyard in Wuhan. Oil storage tanks across China.
The impact of China’s lockdown was highly visible in these places. Now, the signs are pointing in a different direction, suggesting efforts are underway to revive the world’s second-largest economy.
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APR 2020Lessons learned: Inventory trends post-coronavirus
How much longer before the world’s crude inventory storage tanks fill to maximum capacity?
It’s become the dominant question in the oil market after the combination of a global economic paralysis and Saudi-Russia price war resulted in a staggering oversupply.
03
APR 2020Possible supply pact captures oil market attention
Talk of a potential deal among the world’s major oil producers to cut supply by historic proportions caused crude futures to skyrocket this week.
The development began Thursday with a tweet by President Trump raising expectations that OPEC and Russia could strike a deal that would lift oil prices after recording a 65% decline in the first quarter.