Oil Price Information Service Overview and Insights

Oil Price Information Service (OPIS) is a trusted source for oil price data. They provide accurate and timely information to help businesses make informed decisions.

OPIS offers a comprehensive range of oil price data, including retail and wholesale prices, as well as historical data going back several years. This extensive coverage allows users to analyze trends and make predictions.

Their data is sourced from a network of over 300,000 fueling locations across North America. This extensive network provides a broad representation of the market, giving users a clear picture of oil price fluctuations.

OPIS is used by a variety of industries, including fuel retailers, wholesalers, and government agencies.

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OPIS is a comprehensive source for petroleum pricing and news information with offices in the U.S., Europe, and Singapore.

It thoroughly covers pricing, analysis, and news for a variety of fuels, including gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, propane, feedstocks, resid, and kerosene.

OPIS has a global presence with offices in multiple continents, making it a trusted source for oil price information worldwide.

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With our Oil Price Information Service, you'll get daily industry intelligence and real-time insights for informed decision-making.

Expert-driven market data, enhanced with AI, provides the foundation for smarter business decisions. This means you can rely on accurate and up-to-date information to make informed choices.

Our industry information is designed to give you a competitive edge, helping you stay ahead of the curve in a rapidly changing market. By staying informed, you can identify new opportunities and mitigate potential risks.

With our expert-driven market data, you can trust that the information you're getting is accurate and reliable. This is especially important in the oil industry, where a single misstep can have significant consequences.

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Reports and Data provide accurate and detailed market information to help you make informed business decisions. You can access detailed market reports to predict trends and make informed business decisions.

The Oil Price Information Service (OPIS) reports are widely used in various industries, including oil and gas, and are based on real-time data. For example, the OPIS Closing Average Wholesale Rack Report gross price is published daily at 5:59 P.M. and is used as a basis for change.

Some examples of how OPIS reports are used in practice include:

These reports provide valuable insights into market trends and can help you anticipate changes in the market. By accessing updated information and detailed analysis, you can make more informed business decisions and achieve your goals.

Sentence examples of how reports and data are used in real-world applications are quite interesting. For instance, all pricing will be based on Thursday's edition of the Oil Price Information Service (OPIS) each week, which reflects pricing for the following week.

The Oil Price Information Service (OPIS) is used as a basis for change in various industries, such as in the calculation of the Processing Margin, where the parties shall use specific prices as published by OPIS for Mont Belvieu.

In some cases, vendors are required to bid a differential from the New Haven Rack Average as published daily by the Oil Price Information Service (OPIS). This is a common practice in the industry.

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The price for bulk motor fuel shall be the Oil Price Information Service (OPIS) Closing Average Wholesale Rack Report gross price published at 5:59 P.M. for the day the bulk motor fuel is delivered and for the terminal identified in the table below for that delivery location.

Here are some specific examples of how OPIS is used:

Reports can provide valuable insights to help you make informed business decisions. With access to detailed market reports, you can predict trends and stay ahead of the competition.

Reports from Oil Price Information Service (OPIS) can be used to determine pricing for various products, including diesel fuel and jet fuel. The prices are based on the OPIS report subscribed to by Enterprise Services.

For instance, the Diesel Fuel Surcharge is based on the price changes from OPIS for Spokane, Washington contract average rack price for ultra-low #2 diesel (USLD #2 Clear) fuel. This information can be used to adjust pricing accordingly.

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The OPIS report can also be used to determine the price for bulk motor fuel. The price is based on the OPIS Closing Average Wholesale Rack Report gross price published at 5:59 P.M. for the day the bulk motor fuel is delivered.

Here are some examples of how reports from OPIS are used in various industries:

Reports from OPIS can provide accurate data and clear insights to help you anticipate market trends and achieve your business goals. By accessing updated information and detailed analysis, you can make informed decisions and stay ahead of the competition.

Factiva is an important partner for those seeking real-time news from trusted sources worldwide, offering access to over 3,100 sources globally.

Factiva's vast network of sources allows users to stay informed with the latest news and information from around the world.

Oil Price Information Service (OPIS) has offices in the U.S., Europe, and Singapore, providing a global reach for their comprehensive source of petroleum pricing and news information.

OPIS thoroughly covers a wide range of petroleum products, including gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, propane, feedstocks, resid, and kerosene.

The company was acquired by News Corp on August 2nd, 2021, a significant development in its history.

OPIS has made several significant acquisitions over the years, expanding its capabilities and reach.

In 1996, OPIS acquired the Stalsby/Wilson Directory business and Computer Petroleum Corp. (CPC), marking a pivotal moment in its growth.

OPIS continued its expansion in 2005 with the acquisition of Axxis Software.

In 2012, OPIS acquired PointLogic Energy, formerly known as LCI Energy Insight, further enhancing its offerings.

Two years later, in 2013, OPIS acquired GasBuddy, a move that likely provided valuable insights into consumer behavior.

OPIS then made a strategic acquisition in 2015, purchasing NAVX, the leading European and South American provider of retail fuel pricing, parking, and Electric Vehicle (EV) charging location information.

The company changed hands in 2016 when IHS acquired OPIS for $650 Million.

OPIS continued to expand its portfolio in 2018 with the acquisition of Petrochem Wire.

In 2022, News Corp acquired OPIS and merged it with Dow Jones, a move that likely brought significant resources and expertise to the table.

OPIS wrapped up the year 2024 with the acquisition of A2i Systems, further solidifying its position in the industry.

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As an owner or operator, you're responsible for making informed decisions about your investments and assets. This involves evaluating investments and optimizing asset management to ensure maximum return on investment.

Key market data is crucial in identifying opportunities and analyzing projects, allowing you to make data-driven decisions. With access to this information, you can stay ahead of the curve and capitalize on emerging trends.

To effectively manage your assets, you need to have a clear understanding of your operations and the market conditions that affect them. This includes analyzing projects and identifying areas for improvement.

By leveraging key market data, you can make informed decisions about your investments and optimize your asset management for maximum efficiency.