EUROPEAN SPACE AGENCY HELPS TRACK OIL MOVEMENTS AMIDST MARKET CHAOS
March 2nd, 2020 TECHNOLOGY developed by the European Space Agency (ESA) is helping bring some stability to today's chaotic oil market, by delivering satellite images of storage depots that tell traders exactly how much oil is currently in storage worldwide. These photographs analysed by partner companies such as London-based digital oil analytics company OilX and natural resources research company Terrabotics, also based in the UK capital, provide updated market assessments, helping traders fix a realistic price, reducing the risk of an oil supply glut. With global demand for ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.