Energy Aspects acquires TankWatch

TankWatch is known for its crude oil storage intelligence, utilising the highest resolution imagery and specially developed algorithms to measure crude oil storage. The service offers unique insights into crude oil inventories and reserves, tailored specifically for the needs of traders and analysts. With a focus on the Cushing, Oklahoma hub, TankWatch delivers the most frequent per-tank, per-operator Cushing oil inventory data, providing first-to-market insights into daily changes in WTI stocks.

This acquisition complements other key acquisitions we have made in recent years, including INAS (It’s Not A Science), which has been rebranded as EA Quant Analytics, OilX, Medley Advisors, and MMSA. Alongside our technological innovations such as EA Live and our AI Assistant, these strategic moves have enhanced the data and insights we deliver to our clients. By integrating TankWatch's leading technology and data-driven insights, Energy Aspects will further empower its clients to gain strategic advantages, drive data-backed futures strategies, and identify arbitrage opportunities for sharper trading decisions.

Fredrik Fosse, Chief Executive of Energy Aspects, stated: "Welcoming TankWatch into EA Group marks another significant step in our growth strategy. By combining our expertise with TankWatch's innovative technology, we are poised to continue delivering unparalleled data and insights to our clients".

For more information about Energy Aspects and the TankWatch service, please contact us at press@energyaspects.com.