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DEC 2019Ursa expands US crude storage coverage
What do you consider the most important US crude oil storage site?
Chances are the site is located on the Gulf Coast, the beating heart of the US oil industry.
The Gulf Coast contains more than half of the country’s refining capacity, making it a huge demand center. The region is also the outlet for US crude exports.
Much of the supply now comes from the Permian Basin in West Texas and New Mexico, the biggest driver of US production growth.
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DEC 2019Story map: Flood Monitoring Use Cases
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06
DEC 2019OPEC, partners to deepen supply cuts
This week OPEC ministers and allies gathered in Vienna to discuss a coordinated production cut agreement set to expire in March.
When news broke Dec 5 that the group (called OPEC+) had decided to deepen the cuts by 500,000 barrels per day (bpd), the outcome was both a surprise and expected at the same time.
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NOV 2019Can JODI data be trusted for Saudi Arabia?
The world’s top oil exporter will soon sell shares in state-owned Saudi Aramco in what figures to be the largest initial public offering (IPO) in history.
That’s significant because the IPO has forced Aramco to reveal lots of information about the company to potential investors.
15
NOV 2019A primer on the Saudi Aramco IPO
On November 9, Saudi Aramco released a prospectus ahead of a planned share offering that could rank as the largest IPO in history.
At 658 pages, the document is a deep dive into Aramco’s corporate structure and physical operations.
What would Aramco disclose about its oilfields? Would we learn anything new about production trends and maximum capacity rates? What about Aramco’s operations abroad?
08
NOV 2019Ursa hosts Insights event in Houston Nov 13
Are you interested in learning how satellite imagery can be turned into valuable data?
If so, and you’re in Houston on November 13, then please swing by a networking event we’re hosting that evening (details and RSVP here).
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OCT 2019What we heard at Argus Geneva 2019
A team from Ursa traveled to Geneva this week for a global oil conference hosted by Argus. The event draws from the large pool of Geneva-based oil traders, as well as folks from around the world.
There was plenty to discuss. The topics included:
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The September 14th attacks on Saudi Arabia oil infrastructure
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Shipping fuel regulations going into effect next year
15
OCT 2019White Paper: China Crude Inventories as a Proxy for Economic, Financial Indicators
10
OCT 2019Baker Institute research uses Ursa inventory data
What can satellite imagery tell you about China’s oil policy strategy?
04
OCT 2019Saudi Arabia’s crude storage tanks begin to refill
Saudi Arabia has begun to replenish its crude inventories as production returns to normal levels following the September 14 attacks.
With fears over supply losses mostly gone, oil prices have fallen as attention returns to the global economy and concerns over weak demand.
Is this the correct response? Are fundamentals as bad as prices suggest?