Demand for oil has collapsed due to the coronavirus pandemic just as supply is about to strengthen because of a dispute between Russia and Saudi Arabia. As a result, oil prices have sunk to levels not seen since 2002.
As storage tanks around the world fill up, ESA-backed companies are using satellite data to map the flow of oil across the globe through shipping channels and pipelines in almost real time. The analysis allows producers, traders and governments to support the economy by taking informed decisions about the fuel that powers industry and heats homes.
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