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Weekly snapshot estimates of physical crude oil inventories at Edmonton, Hardisty, Kerrobert & Alberta Heartland

Optimize your trading decisions with accurate oil storage estimates not available anywhere else

Genscape delivers a weekly snapshot of physical crude oil inventories held in above-ground tanks at Edmonton, Hardisty, Kerrobert, and Alberta Heartland as well as cavern storage at Hardisty. The report is based on estimated measurements of crude oil storage in each tank and in the cavern connected to the brine lake. The data is published every Tuesday at 10am ET. Genscape's storage estimates are based on actual tank volumes and include granularity down to the individual tank level. Data is collected using infrared cameras, aerial diagnostics, and other proprietary measurement techniques. This approach translates into highly accurate estimates of actual oil storage levels at these Canadian oil storage facilities.

Additionally, this report includes diluent storage coverage, where possible. The differentiation between crude and diluent storage is provided to help parse diluent-purposed products out of the crude storage inventories. Diluent storage is often indistinguishable from that of traditional crude oil, and therefore diluent coverage may not be all-inclusive. Any tank that is not individually identified as diluent will remain labeled as crude.

Genscape uses the same methodology for its Canada Crude Oil Storage Report as its Cushing and other storage reports to measure tank levels with great accuracy. Genscape closely tracks its performance against the Energy Information Administration's (EIA) data in the U.S. and finds that the data compares closely with monthly EIA data, giving confidence in the Canadian storage estimates. Unlike the EIA's data derived from voluntary reporting or accounting flows, Genscape’s storage estimates are based on actual tank volumes, and include granularity down to the individual tank level.  With no official Canadian storage data, Genscape is the only provider of storage data in the key hubs in Canada. 

Learn more about Genscape's Cushing Storage Report, which provides advance notice of actual oil storage levels at Cushing two days before the EIA.

Genscape Infrared Technology Measures Storage Level in Oil Tank
Genscape's infrared and aerial visual spectrum imaging allow our analysts to determine oil storage tank levels

PRODUCT OVERVIEW

Delivery: Emailed PDF reports, access to Genscape's Oil Intelligence dashboard, and historical Excel datasets 

Frequency: Weekly

Locations: Canada

Subscribe: Call 866 292 8060

Canadian Crude Storage Report

Why midstream companies are investing in infrastructure expansions in the face of falling oil prices in Western Canada
Get advance notice of actual oil storage levels at Cushing two days before the EIA

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The Canada Crude Oil Storage Report includes:

  • Weekly PDF report with a snapshot estimate of physical crude oil inventories held in above-ground tanks at Hardisty, Kerrobert, Edmonton, Alberta Heartland, and of cavern storage at Hardisty
  • Access to data via a web-based dashboard, CSV files, and Genscape’s historical data access tool (GDAT)
  • Tank-by-tank and individual owner/operator data available (current weekly data, as well as one year of historical data)
  • Periodic emailed PDF intelligence reports on the changing physical infrastructure in Canada including: tank construction, maintenance and demolition
  • Monitoring of diluent storage as differentiated from crude storage, where possible

 

See the Impacts of the Global Oversupply & Ever-Changing Price Envrionement

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Benefits of the Canada Crude Oil Storage Report:

  • Get proprietary insight on key oil storage locations in Canada not available anywhere else
  • Stay up-to-date with ongoing infrastructure changes through exclusive market intelligence reports
  • Make more informed, confident trading decisions using highly accurate, measured data
  • Assess oil storage by owner or purpose using granular tank-by-tank and individual owner/operator data
  • Gain transparency into the differentiation between crude and diluent storage to help parse diluent-purposed product out of the crude storage inventories
Get advance notice of actual oil storage levels at Cushing two days before the EIA
Why midstream companies are investing in infrastructure expansions in the face of falling oil prices in Western Canada