'All of a sudden, oil is being produced in regions where it’s never been produced before, and rail is the fastest option to get it where it needs to go for processing. This is turning the oil logistics system on its head,' says Chris Sternberg, Genscape’s.
Louisville, KY (PRWEB) October 08, 2013
Crude-by-rail has grown from about 10,000 carloads per quarter in 2009 to nearly 100,000 carloads in the first quarter of 2013. Genscape, the leading provider of fundamental oil market data in the United States and Europe, is using its proprietary monitoring technology to deliver a comprehensive view of crude transport by rail via a new subscription-based email newsletter called the PetroRail Report (http://info.genscape.com/petrorail-trial).
“All of a sudden, oil is being produced in regions where it’s never been produced before, and rail is the fastest option to get it where it needs to go for processing. This is turning the oil logistics system on its head,” says Chris Sternberg, Genscape’s Managing Director of Oil. “We’re the only ones monitoring crude-by-rail and providing transparency to market participants.”
Genscape's proprietary monitors are able to track the number of trains moving and the number of cars per train, resulting in a highly accurate calculation of product volumes. Based on this fundamental data and internal expert analysis, subscribers receive weekly market commentary (price data, calculated producer netbacks, and tabular data), market data (detailed data on rail loadings and unloadings as well as an up-to-date map showing rail transportation costs), and U.S. and Canadian rail shipment information.
The PetroRail Report is a cost-effective way for those interested in railroad logistics to benefit from Genscape’s proprietary data and expert market analysis and better understand the market implications of crude-by-rail movements.
A complimentary trial of the PetroRail Report newsletter is available upon request: http://info.genscape.com/petrorail-trial.
Genscape is the leading global provider of energy information for commodity and financial markets. Utilizing patented technologies and proprietary algorithms, Genscape provides accurate & timely data on capacities, flow and utilization for all major energy commodities. With thousands of sophisticated energy monitors strategically deployed all over the world, Genscape is unique in its ability to measure and collect energy market fundamentals. These “measured actuals” are then transmitted to clients in real-time or near real-time. Genscape clients often gain first-mover advantage and increased market transparency to better optimize their positions. For more information, please visit: http://www.genscape.com.
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