Big Data is like crude oil. Big Data is like crude oil, suggests Andreas Weigend in an interview with Business Week. He compares it to oil in the sense that big data itself is practically useless and needs to be refined before its true value can be extracted. Of course, data, like oil is a source of power. And those who control it (think of Amazon, Alibaba, Facebook or Google) are establishing themselves as masters of the universe, just as oil barons did 100 years ago. “Data is the new oil” is a popular quote nowadays, adopted from a recent article from The Economist that compares data’s worth to the value of global natural resources. While we all agree If you’re like most companies, you’re probably drowning in data. But raw data brings little value to your organization. It’s through processing and refining that data into intelligence where the value is created. Crude oil must be refined into gasoline to deliver value to the combustion engine. The same thing is true with data. Raw data must be refined into intelligence to achieve business outcomes and attain actionable insights. Data in the 21st Century is like Oil in the 18th Century: an immensely, untapped valuable asset. Like oil, for those who see Data’s fundamental value and learn to extract and use it there will be huge rewards. We’re in a digital economy where data is more valuable than ever. A century ago, the resource in question was oil. Now similar concerns are being raised by the giants that deal in data, the oil of the digital era. These titans—Alphabet (Google’s parent company), Amazon, Apple, Facebook and Microsoft—look unstoppable. They are the five most valuable listed firms in the world.
release of its monthly crude oil production data. A few states like Alaska, North Dakota, and Kentucky report complete production data (i.e., no further significant Crude Oil WTI Futures Historical Data.
Data is also reconciled with other energy surveys such as the Monthly Oil and Other Liquid Petroleum Access the richest and deepest cargo data set in the industry, comprising exact Recent Articles from Commodity Research on Crude Oil by Analysts at ClipperData of the 1970s that spawned U.S. political leaders like the last John McCain. EIA revises its crude oil price forecast upward as supply expectations change EIA adds new play production data to shale gas and tight oil reports
Petroleum & Other Liquids. Find statistics on crude oil, gasoline, diesel, propane, jet fuel, ethanol, and other liquid fuels. Click on the blue bars below for information on petroleum prices, crude reserves and production, refining and processing, imports/exports, movements, stocks, and consumption/sales. Get the latest Crude Oil price (CL:NMX) as well as the latest futures prices and other commodity market news at Nasdaq. Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice Data is just like crude. It’s valuable, but if unrefined it cannot really be used. If you are involved in business intelligence, business analytics or big data, you have undoubtedly heard how ‘Data is the new oil’. Heck, you may have even used it yourselves. After all, searching for ‘Data is the new oil’ returns over 550M hits on Google. But the transformation of “crude” data to meaningful information — and eventually actionable insights — can be complex and costly, hence most people prefer to remain with the crude oil. The transformation from “crude” data to meaningful information can be complex and costly. Crude oil - data, forecasts, historical chart - was last updated on March of 2020. Historically, Crude oil reached an all time high of 147.27 in July of 2008. Crude oil is expected to trade at 31.29 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Refining data drives value. Crude oil is valuable, but it becomes more valuable when it is transformed into gas, plastic, chemicals, etc. A barrel of crude oil costs $44.55, but a barrel of jet fuel, after refining, costs $59.22 – increasing its value by 33 percent.
25 Feb 2020 This table represents exports of Canadian crude oil by transportation system as the crude oil export crosses the Canadian border. Use of other Global Crude Oil trading detailed by region. The Enerdata interactive map provides updated crude Oil trade data by region with corresponding graphs. Figures Get updated figures on crude production with graphs and analysis provided by Enerdata. Download data; Previous editions; Glossary; Sources Crude oil production in the United States saw a significant increase as exploration and As shown, coal was the first and only fossil source until the 1860s when crude oil consumption began. Natural gas production began In depth view into US Crude Oil Field Production including historical data from rise in 2010-2018 due to new methods in extracting oil like hydraulic fracturing. Assets and Average Volume as of 2020-03-17 20:21 UTC. This page The table below includes fund flow data for all U.S. listed Crude Oil ETFs. Total fund flow