Using AIS to analyse crude oil demand from tanker movements is well-established but analysis of tank farm capacity has proved difficult
A French crude oil intelligence company is now providing data sets on the volume of crude oil stored in tank farms as well as its current service of providing data of crude oil ’on-the-water’ and spotting emerging trends.
Kpler, a data intelligence company that specialises in real-time market transparency, has expanded its scope of expertise to storage facilities, a key element of the oil value chain, through the systematic exploitation of optical and radar satellite imagery, refinery runs and oilfield production rates.
“In the last five years, we have successfully focused on bringing transparency over seaborne energy commodity flows, through real-time cargo-tracking tools. Building on our expertise in knowing what is moving on sea, we now include into our scope what comes right after or before sea transport, which is storage,” said Kpler co-founder and chief executive François Cazor.
“We basically harness our capacity to deal with big, complex and multi-format sets of data in an automated way so that we can extract from it, actionable information for our clients,” Mr Cazor added.
As with other Kpler products, the many algorithms and processes behind the automatic computation of oil tanks’ capacity utilisation figures are designed inhouse, as a result of a close collaboration between data engineers and market analysts.
By integrating storage transparency into its solutions portfolio, Kpler is maintaining its strategy of organic growth that has enabled it to grow from a start-up five years ago to a firm with more than 100 employees spread across four continents.
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