Genscape Adds ARA Supply Data to Improve Gasoil Contract Pricing
Louisville, Ky.-based energy data provider Genscape has unveiled a new weekly report that will use the vendor's measurements of the volume of commodities being produced and stored to provide measurements of inventory of middle distillate gasoil held in storage terminals at ports in Holland and Belgium, to enable clients to more accurately price gasoil corresponding to the gasoil contract traded on the Intercontinental Exchange, rather than arriving at prices based on estimates or survey data.
The Amsterdam-Rotterdam-Antwerp (ARA) Weekly Gasoil Storage Report is provided as a weekly PDF, as well as via a web-based dashboard and datafeed, uses deployed monitors covering more than 1,000 gasoil storage tanks in the ARA area -- which handles more than 175 million tons of oil each year -- and also includes historical tank-by-tank data and details of any tanks empty because of construction or maintenance, to help users identify tradable short-term opportunities.
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