What OilX does

OilX is a London-based oil market analytics platform operated by Energy Aspects Ltd., delivering near real-time global oil supply-demand balances across 160+ countries. Its core offering, OilX with Nowcasting, uses machine learning-based nowcasting algorithms, satellite earth observation imagery (including flaring detection via the European Space Agency and storage monitoring via Aresys), and near real-time maritime intelligence to produce daily-updated estimates of production, flows, refining, demand, and storage ahead of official data releases. The platform is delivered to enterprise users through a web client portal, REST API, Excel Add-in, and a Data Explorer visualization tool, allowing direct integration into trading and risk management workflows.

The company operates a subscription-based enterprise analytics model under Energy Aspects, pricing on a quote basis with trial access gated through direct sales engagement. Its primary customer segments are professional oil traders and desk analysts, risk management and treasury teams, board and c-suite executives, and strategy and planning functions at energy market participants. Distribution is global and exclusively direct via Energy Aspects' digital channels, with no consumer or SMB offering.

OilX has been officially recognized as an OPEC secondary source, an industry credential that validates its data against the standards of the most influential oil market body. Strategic capital partners include Citi and GS Caltex (2020 round). The product is led by Dr Florian Thaler, Head of OilX and co-founder, and is integrated into a broader Energy Aspects analytics ecosystem spanning oil, gas/power, multi-market, and environmental commodities.

Name

OilX

Legal name

Energy Aspects Ltd.

Website

https://oilx.co

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

OilX, operated by Energy Aspects Ltd., is a London-based analytics platform providing near real-time, AI-driven oil supply-demand balance forecasts across 160+ countries for enterprise traders, risk managers, and energy market executives via web, API, and Excel.

Ownership category

akta.pro rank

Product category

Oil Market Analytics Software

akta.pro primary industry

Natural Gas Risk Management, Analytics & Back-Office (ETRM/CTRM) (EUAGAGAJ)

Keywords

• Oil market analytics
• Real-time oil data
• Supply demand balance
• Satellite oil monitoring
• Energy market intelligence

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Subscription Analytics Service: OilX operates as a subscription-based analytics service under Energy Aspects. The platform provides high-frequency, near real-time fundamental oil market data and analytics to professional traders and risk managers. Access is delivered via web application, API, Excel Add-in, and Data Explorer, suggesting tiered subscription tiers based on delivery mechanism and data access levels.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

OilX is a subscription analytics platform that delivers near real-time global oil supply-demand balances, production, flows, refining, demand and storage data for over 160 countries. It combines proprietary nowcasting technology, satellite earth observation, maritime intelligence and machine learning to give professional traders, risk managers and executives daily-updated visibility into physical oil market developments ahead of official data releases.

Product overview

OilX with Nowcasting is a unified analytics platform providing near real-time oil market data and analytics. The core platform uses satellite earth observation, machine learning, and augmented oil intelligence to track global oil supply-demand balances across 160+ countries. Data is accessible through EA's Data Explorer, API, and Excel Add-in, delivering comprehensive coverage of global oil balance, production, flows, refining, demand, and storage.

Differentiator

Problem solved

Functional benefit

Products and services

• OilX with Nowcasting Near real-time global oil market analytics platform delivering supply-demand balances, production, flows, refining, demand and storage data for over 160 countries using nowcasting, satellite earth observation, maritime intelligence and machine learning, targeted at professional oil traders, risk managers and executives.

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature10 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• AresyscoreTechnology or IntegrationAresys provides satellite-based crude oil storage monitoring technology for OilX. The partnership enables satellite-based crude oil storage monitoring by terminal and crude quality, enhancing OilX's storage analytics capabilities.
• ESA (European Space Agency)coreTechnology or IntegrationESA provides satellite earth observation data that powers OilX's upstream output monitoring and oilfield flaring monitoring. Satellite-based daily oilfield flaring monitoring is powered by ESA technology.
• JODI (Joint Organisations Data Initiative)supportingTechnology or IntegrationJODI is a data partner providing oil data that complements OilX's proprietary analytics and nowcasting capabilities.
• SignalsupportingTechnology or IntegrationSignal is listed as a data partner for OilX, contributing to the platform's data ecosystem.
• OilChemsupportingTechnology or IntegrationOilChem is a data partner providing chemical and oil-related data that enhances OilX's market intelligence capabilities.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Others

• Bloomberg Terminal (Commodities):
• JODI (Joint Organisations Data Initiative): Multilateral oil data partnership supplying monthly oil supply and consumption statistics globally — complements OilX's real-time offering and is explicitly listed as a data partner, not a commercial competitor.

Direct peers

• Rystad Energy: Independent energy research and analytics provider offering upstream, midstream, downstream and macro oil market data — overlapping with OilX on supply-demand forecasting and country-level production intelligence.
• Vortexa: Real-time global oil and gas cargo tracking and analytics platform using AIS, satellite and ML — directly comparable to OilX on maritime-based trade flow visibility and energy market transparency.
• Kpler: Trade and market intelligence platform covering crude, refined products, gas and dry bulk via satellite, AIS and proprietary data — a direct peer in oil-flow analytics, refining intelligence and trade tracking.
• Kayrros: Satellite and AI-driven energy asset and market intelligence platform providing near real-time oil, gas and emissions analytics — directly competitive with OilX on satellite-based storage, production and nowcasting products.

Broad incumbents

• Wood Mackenzie: Global energy research and consultancy with deep upstream, refining and oil market analytics subscriptions — a broad incumbent that overlaps with OilX on supply-demand, refining economics and country-level intelligence.
• S&P Global Commodity Insights (Platts): Long-established benchmark price reporting and analytics business covering oil, refined products, gas, power and petrochemicals — a broad incumbent whose crude oil assessments and analytics compete for the same enterprise wallet as OilX.
• Argus Media: Independent price reporting agency and energy market data provider covering crude, products, LPG and petrochemicals globally — a broad incumbent alternative for enterprise buyers evaluating OilX.
• Refinitiv (LSEG) Commodities: Financial and commodity data terminal and analytics provider (formerly Thomson Reuters) offering oil market data and analytics to trading desks — competes with OilX as part of a wider data terminal workflow rather than as a standalone nowcasting product.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/oilx

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OilX