Ursa, a provider of geospatial intelligence solutions, has announced the release of a fully global oil storage monitoring solution. Ursa Global Oil Storage Monitoring provides unmatched oil storage monitoring around the globe for users such as hedge funds, commodities traders, big banks, and oil companies.
It uses radar satellite imagery to measure over 3.6 billion barrels of crude oil storage in nearly 10,000 tanks on a weekly basis. Ursa has also added North American oil storage monitoring as part of the expanded global service.
The company also announced that it is partnering with S&P Global Platts to incorporate Ursa’s new global oil storage monitoring capability into S&P Global Platts Analytics products and services. The companies also plan to jointly develop new products and services for the commodity and energy markets.
“We constantly seek to improve the quality and accuracy of S&P Global Platts Analytics supply and demand outlooks,” said Chris Midgley, Head of Analytics Content, S&P Global Platts. “Ursa’s Global Oil Storage Monitoring helps validate our analysis and enables us to respond closer to real time. Partnering with Ursa will enable us to consider innovative ways to leverage satellite data to further advance our market insight and support customers’ strategic decisions.”
“Ursa’s expanded global oil storage offering connects our customers with the largest, most reliable source of geospatial data in the business plus the analysis and tools to put that intelligence to the greatest use for their businesses,” said Adam Maher, Chief Executive Officer of Ursa. “Working with S&P Global Platts, we can put that capability to work for a much larger universe who will also benefit from Platts’ extensive expertise and ability to turn that data into meaningful insights for users in finance, oil and energy.”
Ursa Global Oil Storage Monitoring aggregates and analyses data from the industry’s largest network of radar satellite providers to provide commercial customers with alternative sources of market intelligence and competitive advantage. Coverage includes more than 340 oil terminals including 119 key refineries, and the 15 largest refineries in the world. The product provides weekly direct measurements for high accuracy and reliability and the radar satellite-based collection method is unhindered by weather. Strict QA processes incorporate both automation and human analysis and Ursa also supports data use by regularly sharing analysis, insights, and education with users.
For more information, visit: www.ursaspace.com
7th June 2018