Houston, TX (PRWEB) August 20, 2015 -- A recent Wall Street Journal article on Brent and WTI price movements demonstrates a common market sentiment around the importance of Cushing, OK, storage data: “Genscape Inc. reported that stockpiles in the key hub of Cushing, Okla., rose by nearly a million barrels…U.S. oil prices erased early gains on the news.” Despite a myriad of global economic and geopolitical factors undoubtedly impacting oil markets, the fundamentals of supply and demand, including production, pipeline flows, transportation trends, and storage inventories, remain closely watched factors for interpreting the market. Insight into these market fundamentals provides traders and analysts with an unbiased data point when making strategic decisions and analyzing risk.
Genscape is partnering with industry experts to deliver a roundtable on September 2 to discuss the current state of global oil markets and the role of fundamental data. Brian Busch, Genscape’s director of oil market business development, will discuss trends and expectations for storage inventories at Cushing. He will also share recent examples of the impacts of Cushing data on oil prices.
“As we approach the refinery maintenance season, expecting to see the normal drop in crude oil demand, year-over-year storage levels are at record highs. U.S. production has remained fairly steady even as slight growth in foreign crude output is seen. With the terminals at Cushing within 10 percent of operational capacity, other storage areas in the U.S., as well as the logistical infrastructure to move crude between those locations, will be more important than ever,” explains Busch.
To learn more about the webinar and register, visit: http://info.genscape.com/oil-fundamentals-webinar-090215. Genscape is also offering webinar attendees a complimentary copy of the September 3 Cushing Oil Storage Report. Additional information about Genscape’s Cushing Storage Report is available here: http://info.genscape.com/cushing-trial-0115
About Genscape
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 important insights, improve risk management, or increase operational efficiency. For more information, please visit: http://www.genscape.com
For all press inquiries please contact:
Molly Robinson
Marketing Communications Manager
Office: +1 617 790 0903
mrobinson(at)genscape(dot)com
Molly Robinson, Genscape, Inc., http://www.genscape.com, +1 617-790-0903, [email protected]
SOURCE Genscape, Inc.
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