Traders thought Apple had ‘the holy grail’ of oil data, but the quest continues

July 2, 2020

By Laura Sanicola

NEW YORK (Reuters) – Every day, energy merchants collect and scrutinize whatever information they can find on fuel demand to get a trading edge: from satellite data tracking oil tankers worldwide to thermal images from cameras on pipelines and storage tanks.

Real-time data on fuel demand would be the ultimate prize.

On-the-spot gasoline consumption figures would change the way oil markets trade, because it is “the holy grail of metrics,” said Patrick DeHaan...