Ursa Announces World’s First Weekly Global Oil Inventory Reports

ITHACA, N.Y.–(BUSINESS WIRE)–#China–Ursa Space Systems Inc. (Ursa) today announced their planned expansion
to provide the world’s first reliable, global oil inventory coverage.
Building on Ursa’s ground-breaking China Oil Storage Report, Ursa will
deliver Global Oil Storage Reports on a region-by-region basis, starting
with the Caribbean, Middle East/North Africa, and Europe, which are
coming online in the coming months.

“Developed in close collaboration with our customers, the global product
builds upon our success with Ursa’s China Oil Storage Report released in
May,” said Matt Wood, Ursa’s VP of Sales and Marketing. “Our reliable
and independent measurement of global oil stocks helps our customers
build an accurate balance sheet for better insight on oil supply and
demand; especially for areas of the world that are opaque.”

“Energy trading is continually revolutionized by the emergence of
technologies that bring new sources of knowledge and efficiency,” says
Colin Fenton of Blacklight Research. “As the promise of space-based
remote sensing marched toward reality, we knew we had to find and
partner with the best operation. We evaluated every company in this
niche. Ursa is the clear winner. Our access to Ursa’s data has been a
key edge for Blacklight in anticipating shifts in oil market
fundamentals and prices so accurately in 2017.”

Ursa’s Oil Storage reports provide reliable weekly time series of oil
stocks down to the tank level for a majority of the inventories on a
regional basis. These measurements can be used as an anchor in
calculating an “oil balance sheet” or as an input to models that predict
prices of a wide range of commodities and other financial instruments.
In addition to empirical measurements, Ursa provides contextual
information such as tank owner and storage type.

Ursa’s China Oil Storage report is available for immediate purchase, and
Beta test opportunities are available. Visit www.ursaspace.com
to learn more or to request an evaluation. Contact [email protected]
for more information.

About Ursa Space Systems Inc.: Ursa delivers global economic
intelligence to energy and financial enterprises, providing reliable
information about areas of the world that are traditionally opaque. The
company was formed in early 2015 by leaders in the satellite and
software security fields with the vision to unlock the potential of data
and insights derived from satellite imaging. Ursa is headquartered in
Ithaca, NY. For more information visit www.ursaspace.com.

Contacts

Ursa Space Systems
Julie Baker, 607-216-6234
[email protected]