Houston, TX (PRWEB) May 13, 2014
Using the same proven technology that has made the Cushing Storage Report an industry standard for crude oil traders, Genscape has launched the New York Harbor (NYH) Product Storage Report. The new weekly report is available one day before the widely used EIA estimates are published.
Currently, Genscape has identified a 90% correlation between the gasoline and distillate storage measurements in the NYH Product Storage Report and the EIA estimates for PADD 1B. In addition to aggregate storage levels, the Genscape report offers volumetric detail down to the tank level for a more specific, relevant, and complete data set.
“With all eyes on our market moving Cushing data, we’re pleased to be putting the same proven technology to use at New York Harbor,” says Kim Chrislip, Genscape’s Product Manager for Oil Storage. “The combination of our aerial diagnostics, infrared imaging, and in-house expertise allows us to deliver the data the market has been waiting for before anyone else.”
Beginning May 13th, Genscape added storage measurements for 50 ethanol tanks at New York Harbor. With nearly three million barrels of ethanol storage capacity at this key hub, biofuels traders are gaining an unprecedented level of transparency into the supply chain for renewable fuels.
The latest issue of the NYH Product Storage Report, which includes the new ethanol storage data, is available at no cost at http://info.genscape.com/nyh-free-report.
Genscape is the leading global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With thousands of patented monitors strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in real-time or near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain first-mover advantage, improve risk management, or increase operational efficiency. For more information, please visit: http://www.genscape.com
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