The analytics platform is designed to provide users with a real-time view of the global supply-demand balance.
OilX has launched a new artificial intelligence powered platform for oil trading analytics. The OilX platform is designed to track cargo and flow and provide users with a real-time view of the global supply-demand balance. It’s a product of a partnership between OilX and The Signal Group and the goal is to give traders and analysts the real-time oil analytics and insights they need to make better commercial decisions.
“We are proud of our partnership with Florian and the OilX Platform,” commented Ioannis Martinos, CEO of The Signal Group. “Florian’s deep industry knowledge and experience, combined with The Signal Group’s investment in advanced technology, has formed a powerful combination. Careful development over the last 15 months has brought us to the stage now where we feel confident OilX will provide a unique edge to traders and analysts within the industry.”
Current oil analytics are based on historical and disparate data and can take up a tremendous amount of resources. OilX uses artificial intelligence to put together a real-time view of market fluctuations with much-improved accuracy. This allows companies to increase their productivity without being time-consuming.
“There is a significant amount of resource currently devoted to oil analytics. However, the flow, timeliness, and speed of delivery of information fall far below what is needed for impactful commercial decision making,” commented Florian Thaler, oil strategist and CEO of OilX. “The goal of OilX is to reduce inefficient and resource-heavy analytics work, in order for companies to focus on value-added tasks. By providing a more accurate, real-time view of the market, powered by state-of-the-art artificial intelligence and an intimate knowledge of the oil ecosystem, traders will be able to more effectively navigate a complex universe, and ultimately drive performance.”