Source: John Ciccarelli, BLM

OilX platform is a revolutionary artificial intelligence (AI)-powered analytics tool that provides traders and analysts with real-time market analysis.

OilX is branded as the world’s first digital oil analyst. It provides timely, insightful data analysis addressing constraints of traditional practices as the collection of disparate data and comparing current values to historical trends is both labor intensive and untimely.

The OilX platform accurately provides real-time oil analytics. It pools together satellite tracking data and publicly available reports from reputable organizations, including Asia Pacific Economic Cooperation (APEC), Statistical Office of the European Communities (Eurostat), International Energy Agency (IEA), Organization of the Petroleum Exporting Countries (OPEC) and is also supported by the Joint Organizations Data Initiative (JODI).

The platform consists of an advanced data science framework and data fusion techniques to structure data and outline market movements across the crude oil supply chain from production wells to point of use. With a simple and intuitive interface, the ability to establish a relative strength index and deploy risk management practices it looks to showcase how AI forecasting addresses the limitations of current practices.