commodity icon

How Alternative Data and NLP Helped Forecast Oil Price Movements

NorthGravity implemented a machine learning model that combined market data, supply and demand indicators, and analysis of news and social media. This enabled a global trading company to gain deeper insight into the factors influencing oil prices and trading volumes.
Client
Global Physical Energy Trading Company
Industry
Energy
Region
Global
When
2017

Description

NorthGravity partnered with Global Physical Energy Trading Company  to apply machine learning to help understand the direction and what is driving global oil/products prices and volumes. WIth new alternative datasets and NLP, the client wanted to understand what was driving prices.

Results

NorthGravity Platform integrated over 200,000 datasets, encompassing a wide range of market price data, supply and demand metrics, and insights from news and social media. This comprehensive data collection enabled the client to gain a nuanced understanding of market dynamics and price fluctuations, allowing for more informed decision-making in trading strategies.

Ready to transform your data strategy?

Let’s streamline, automate, and unlock your data’s full potential. Talk to our experts today!

BOOK demo