Excited to share the news about our $7 M Series A Financing, led by Paladin Capital Group with participation from NEA - New Enterprise Associates, RRE Ventures, S&P Global, and other strategic investors!
Ursa data helps predict China oil demand! Bloomberg writes about us in "Seen From Space, China's Oil Demand Looks Stronger Than Expected"
September 27, 2017 - Ursa announces the worldwide release of their Middle East/North Africa (MENA) Oil Storage Report. MENA is the third region in Ursa’s expansion to global coverage of oil storage inventories, providing a new reliable data-set to a product line that is already in use by leading traders. MENA is a key region in driving global crude prices due to the role of OPEC in determining production for its members, many of whom are in this region. Traders rely on Ursa's detailed information, regular cadence and weekly refresh of every site to make important business decisions. MENA Oil Storage provides unique insight into production and inventory levels of OPEC, providing subscribers with an early understanding of production cut compliance and global re-balancing (or lack thereof) of supply and demand. 8 of the 14 OPEC countries are covered in Ursa’s MENA offering.
September 6, 2017 - Ursa announces the worldwide release of their Caribbean Oil Storage Report, the first reliable, weekly report of Caribbean oil inventories. The Caribbean islands serve as a “stopping point” for crude oil exporters in South America, Africa and the Middle East and Ursa’s coverage of the Caribbean oil storage hub is a valuable early indicator of global as well as regional oil supply and demand balances.
May 3, 2017 – Ursa announces the worldwide release of their China Oil Storage Report, the first reliable report of China’s crude oil stocks. The report covers 75% of China’s crude oil tanks, including 100% of Strategic Petroleum Reserves (SPR) and over 70% of Commercial storage. With its China Oil Storage product, Ursa provides weekly and monthly historical data which can be used for backtesting models. Weekly measurements can be used as an anchor in calculating a “crude oil balance sheet”, or used as input for models to predict oil prices, stock prices, and currencies. In addition to measurements, Ursa provides contextual information such as tank owner and whether the tank is SPR or commercial.