Genscape to Publicly Release its Highly Accurate Cushing Oil Stock Data During Government Furlough of EIA Reporting Staff

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In support of need for transparency on oil stocks during the government shutdown, Genscape will publish Friday-to-Friday stock numbers and Cushing storage capacity utilization at EIA’s regular 10:30 am time slot.

Our plan is to utilize the same data to fill the void created by the government furlough of the EIA team to provide continued transparency into this critical oil benchmark. - David Francoeur, chief marketing officer at Genscape

With the Energy Information Administration (EIA) unable to continue normal operations due to the government shutdown, Genscape will openly distribute its highly regarded stock measurements for the key Cushing storage hub, the delivery point for the light sweet crude oil (WTI) futures contract from the CME Group. Genscape will publish the data for so long as the EIA is unable to do so.

The monthly EIA vs. Genscape Cushing Stocks Change Comparison Chart elucidates the exceptional accuracy between these two benchmarks.

“Oil traders, analysts and energy market watchers that subscribe to Genscape Cushing Report currently receive our data a full two days before the EIA Weekly Petroleum Status Report,” says David Francoeur, chief marketing officer at Genscape. “Our plan is to utilize the same data to fill the void created by the government furlough of the EIA team to provide continued transparency into this critical oil benchmark. We will keep it going until the EIA comes back online.”

Genscape has been measuring Cushing oil stocks since 2009 utilizing aerial-based technology to produce highly accurate tank-level volumes. Those volumes are then reported by aggregate, by tank owner and by individual tank level to subscribers twice per week. The service delivers data on a Friday-to-Friday, Tuesday-to-Tuesday, and Friday-to-Tuesday basis to give users multiple data points to gain unique insights on Cushing. Genscape reports market fundamentals utilizing our proprietary field monitoring network, which is not based on survey estimates, across the commodities and energy spectrum: oil natural gas, power, agriculture, biofuels, and maritime freight.

To sign up for Genscape’s free public report and receive the Friday-to-Friday stock numbers and storage capacity utilization data each week, please visit: http://info.genscape.com/genscape-cushing-aggregate-report.

About Genscape

Genscape is the leading global provider of energy information for commodity and financial markets. Utilizing patented technologies and proprietary algorithms, Genscape provides accurate and 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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Molly Hislop
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