OilX - Nowcasting
OilX allows you to make faster trades using high frequency near real-time fundamental data and analytics.
OilX selected as OPEC secondary source
Markets are becoming more data-driven than ever before. The OilX Platform unlocks access to near real-time oil market data to help you combat increased speculative financial flows and optimise risk management.
Gain a trading edge
We track every barrel of oil, throughout the global oil value chain. Earth observation satellite data provides clarity on upstream output and oil storage, while near real-time maritime information enables transparency on global trade flows, forming comprehensive import-export volumes.
Nowcasting
Satellite Earth Observation
Machine learning
Augmented oil intelligence
The problems we solve
Near real-time data
Oil trading markets operate in real-time. Untimely data and lags compromise your position to respond to increased market volatility and price movements.
Advanced oil analytics
Deep sector expertise and advanced analytical capabilities are required to meaningfully utilise fundamental data in trading decision rules.
Trading efficiency
Current analysis methods are time consuming, prone to human error and don’t operate 24/7. Data-driven insights are critical to making trade decisions.
Powerful dynamic maps and tracking
Drill down into detailed cargo and voyage information for crude, clean and dirty products.
Key benefits and features of our OilX Service
Our OilX Platform delivers a comprehensive near real-time view of global oil supply-demand balances for over 160 countries using cutting-edge nowcast technology.
Global oil balance
Take advantage and access near real-time fundamental data and gain increased visibility on price drivers.
OilX’ cutting-edge nowcast technology combined with OilX Digest allows you to spot trends in physical fundamentals that have a strong impact on market pricing to manage short-term risks. Our nowcast technology allows you to see the evolution of all supply-demand balance parts, that’s already back tested.
Dashboards, charts and tables pre-built by oil market experts who understand trading decision rules are made available at your fingertips to help you stay ahead of the curve.
Oil production
Global oil production by country and region, updated daily.
Evolution of all country and regional production using our cutting-edge nowcast technology.
Satellite based daily oilfield flaring monitoring powered by ESA. Intuitive user interface with interactive heatmaps to simplify the most complicated country and regional comparisons.
Flow tracking
Daily updated oil flows between countries (or US PADDs or China Provinces), regions or organisations, with global oil flows coverage, across the barrel.
Flexible filters to create fully customisable import/export flows, filtered by country, quality and grade, alongside a dynamic heat map and flow diagrams, enhance your visibility of flows across the globe
Refining
Global refinery throughput, capacity and utilisation for all main oil trading areas, updated daily.
Future refinery capacity additions and turnarounds based on OilX proprietary satellite analytics.
Intuitive user interface that includes interactive heatmap for countries comparisons.
Oil demand
Global oil demand by product, country and region, updated daily.
Evolution of all country and regional demand using our cutting edge nowcast technology.
Leveraging high-frequency demand indicators to nowcast end-use oil demand. Intuitive user interface with interactive heatmaps to simplify the most complicated country and regional comparisons.
Oil storage
Global oil stocks segmented by commercial and governmental stocks, by country.
Satellite based crude oil storage monitoring by terminal and crude quality powered by ESA and Aresys technology.
Daily crude oil floating storage measurements.
Data visualisation & connectivity
OilX timeseries data is available in EA's Data Explorer and via API.
The
Data Explorer tool offers an intuitive experience to effortlessly find, visualise, and download data, or generate scripts to retrieve these datasets directly from our API or by using our Excel add-in.
OilX FAQs
What does OilX help users do?
OilX is one of the analytics solutions for EA designed to help users make faster, better-informed trading and risk management decisions by providing high-frequency, near real-time fundamental oil market data and analytics. It helps users respond more effectively to market volatility, speculative financial flows, and changing price drivers.
Who is OilX designed for?
OilX is designed for oil traders, analysts and risk managers who need high-frequency fundamental data and analytics to understand market movements, price drivers and physical oil flows.
How often is OilX data updated?
OilX combines near real-time market intelligence with daily updated datasets across production, flows, refining, demand and storage.
How many countries does OilX cover?
OilX provides a near real-time view of global oil supply-demand balances for more than 160 countries.
What is nowcasting in OilX?
Nowcasting is OilX’s core capability for analysing the global oil supply-demand balance in near real time. It helps users track how supply, demand, storage, refining and trade are evolving ahead of official data releases.
How does OilX use satellite and maritime data?
OilX uses satellite earth observation data to provide visibility into upstream output and oil storage, while near real-time maritime information improves transparency on global trade flows. Together, these data sources help form a more complete picture of import-export volumes and physical oil market movements.
What markets and products does OilX cover?
OilX covers global oil markets across the barrel, including crude oil and refined products. It provides a near real-time view of global oil supply-demand balances for more than 160 countries.
What data does OilX provide on global oil balances?
OilX provides near real-time fundamental data on global oil supply-demand balances, helping users identify price drivers and manage short-term risks. Its nowcast technology allows users to track the evolution of supply-demand balance components over time.
What production data is available in OilX?
OilX provides daily global oil production data by country and region. It also includes satellite-based daily oilfield flaring monitoring and interactive heatmaps to support country and regional comparisons.
Does OilX include refining data?
Yes. OilX provides daily updated data on global refinery throughput and capacity by country.
Does OilX include oil demand data?
Yes. OilX provides daily global oil demand data by product, country, and region. It uses high-frequency demand indicators to nowcast end-use oil demand and includes interactive heatmaps to support comparisons across markets.
What oil storage data is available in OilX?
OilX provides global oil stocks segmented by commercial and governmental stocks by country. It also includes satellite-based crude oil storage monitoring as well as daily crude oil floating storage measurements.
Can OilX data be visualised and downloaded?
Yes. OilX timeseries data is available through Data Explorer and via API. Data Explorer allows users to find, visualise, and download data, or generate scripts to retrieve datasets directly through the API or Excel Add-in.
Does OilX support API access?
Yes. OilX data is available via API, allowing users to integrate timeseries data into internal systems, models and workflows.
Can OilX data be accessed through Data Explorer?
Yes. OilX timeseries data is available in Data Explorer, which provides an intuitive way to visualise, download, and work with the data.
Does OilX support Excel-based workflows?
Yes. OilX data can be retrieved through the Excel Add-in, supporting spreadsheet-based analysis and reporting workflows.
What makes OilX different from standard oil market data services?
OilX combines near real-time nowcasting, satellite earth observation, maritime intelligence, and AI-driven analytics to provide a more dynamic and timely view of the oil market. This helps users move beyond delayed or static datasets and gain a stronger understanding of physical market developments.
Recent insights
Understand how OilX works
Dr Florian Thaler, Head of OilX, discusses the power of OilX data and how it works on the EA Client Portal in a series of videos.
Explore comprehensive supply-demand balances and more, accessible via API , flat files and excel delivery. Watch the video to discover OilX's core features.
In this video learn how OilX's nowcasting provides daily predictions of global oil supply and demand.
In this video explore the rigorous process of validating live data with ground truth data in OilX.
Watch the video to learn how you can discover global oil trends instantly with the OilX dashboard, offering detailed insights from regions to individual fields.
Watch this video to understand how you can access OilX's data through a web application and API, integrating it into your systems for advanced model creation.
Watch the video to understand how the OilX team blends domain expertise with data science to effectively tackle complex problems, helping clients to merge traditional and data-driven methods.
Watch the video to understand how OilX can help you gain deeper insights into high-frequency data and its impact on trading and pricing decisions.
Stay ahead with high-frequency data crucial for understanding market shifts. Watch the video to see why it's a must-have for traders.
Use OilX's metadata to enhance your models. Watch the video to see how you can create these bespoke solutions focused on particular components of oil markets including storage, production, trade and refining.
Leverage OilX's data with your physical assets insights to create a proprietary model. Watch the video to learn more.
Understand the quantamental way of trading with OilX's comprehensive physical data. Watch the video to learn about this integrated approach.
Understand market drivers with high-frequency data from the EA Quant service. Watch the video to see how this pairing aids positioning in paper markets.
