New York, NY, November 02, 2010 --(PR.com
)-- Genscape, the leading global provider of energy fundamentals information for commodity and financial markets, today announced it has started measuring crude oil storage levels at Colorado City, Wichita Falls and Wink in Texas. The company already monitors storage in Midland, Texas.
The results of the new weekly measurement will be published Monday mornings at the same time that Genscape publishes storage levels for Cushing, OK and Patoka, IL.
Genscape’s twice-weekly Cushing Storage Service, and its real-time pipeline flow estimates have become the de-facto standard for timely and accurate fundamentals data for both physical and financial crude oil traders.
“By adding these new locations, we are aiming to provide an unprecedented level of insight into Permian Basin fundamentals,” said Abudi Zein, Vice President at Genscape. Total crude storage capacity at the four Texas locations adds up to more than 15 million barrels, and the level of oil in the tanks is an indicator of the supply and disposition of domestic US on-shore crude oil.
Genscape is the leading global provider of essential 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 including power, natural gas, oil, coal, and emissions. Genscape also delivers fundamentals-based market intelligence services which market participants rely upon to better understand drivers, risks, and dynamics of regional power and gas markets.
For more information, visit www.genscape.com or contact Mike McAuliffe at (502) 583-4315 or firstname.lastname@example.org.