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BUSINESS

Vortexa launches the most complete Global Onshore Crude Inventories Data & Analytics 

13/01/2022 06:43 PM

KUALA LUMPUR, Jan 13 -- Vortexa, the energy trading and shipping intelligence provider that combines AI and deep industry expertise and provides the most complete real-time data and analytics tools for energy and shipping markets, has launched the world’s most complete data and analytics for global onshore crude inventories.

Vortexa’s Chief Executive Officer, Fabio Kuhn, said: “We are excited to bring the highest level of transparency in global onshore crude inventories available today.” 

“It is now possible to combine Vortexa’s leading data & analytics in floating storage with onshore inventories to provide the most complete and timely view on the balancing of global supply and demand of crude in the market.’’

Vortexa’s Onshore Crude Inventories data allows traders and analysts to track where stocks are currently rising or falling, inferring the clearest understanding of the latest global crude and supply balances. 

Aggregation analytics by time, location and tank-type also help to strengthen trading decisions and help allocate resources most effectively and profitably, according to a statement.

Cushing inventory data is supplemented by weekly aerial infra-red observations to provide a very tight correlation with the United States Department of Energy (DOE) weekly statistics.

These measures are available two days before the official EIA storage numbers are released, which gives traders an advantage to position themselves well in advance of the DOE figures.

-- BERNAMA


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