Reporting and Analytics Solution for the Oil Industry

The project is about developing a Power BI-based software solution for a popular analyst and trading firm for oil majors that simplifies oil analytics through a user-friendly web platform. It provides oil supply chain and consumption analysis with various data sources. They collect and analyze global crude & energy data and provide insights in form of Daily Market Report and dashboards embedded in the web platforms.

The client has an ever-growing database with all the relevant information in one place. One can navigate the markets with powerful oil market data available anywhere.

They were keen to design and develop a business intelligence solution that can analyze a variety of information related to the oil sector and assist organizations in taking relevant business decisions. They wanted to improve the methods and architecture of their reporting structure.

Our Power BI-based software solution goes by the function and template-based approach to change data from cloud-based and refresh it accordingly. We used Power Automate and relevant utilities for automating activities.

Key Components of Power BI Dashboard

• Data aggregation from multiple sources
• Interactive forward curves and plot history
• Commitment of traders
• Third-party data integration
• Customs data from various countries
• Macro indicators
• Daily oil market report
• Brent Spreads