OPIS Press Releases

Oil Price Information Service Announces a New Look and a New Website

Leading fuel price reporting agency updates logo to match corporate parent and upgrades website with added content and user-friendly design.

GAITHERSBURG, MD (November 16, 2017) — Oil Price Information Service (OPIS) by IHS Markit (Nasdaq: INFO) an internationally-referenced price reporting agency serving the oil, natural gas and biofuels industries, proudly introduces a redesigned website (www.opisnet.com) that features a new logo, streamlined user experience and greater focus on helpful content.

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OPIS Introduces A Set of Online Tools For Increasing Retail Fuel Profitability

OPIS RetailSuite integrates five different solutions into one interactive platform.

GAITHERSBURG, MD (October 26, 2017) — Oil Price Information Service (OPIS) by IHS Markit (Nasdaq: INFO) an internationally-referenced price reporting agency serving the downstream energy industry, has launched OPIS RetailSuite, a collection of five web-based products aimed at helping users compete more effectively in the retail fuel market.

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OPIS Successfully Completes Benchmark Assurance Review for Natural Gas Liquids, Refined and Renewable Products

Leading fuel price reporting agency receives IOSCO approval for the fifth consecutive year.

GAITHERSBURG, MD (October 12, 2017) — Oil Price Information Service (OPIS) by IHS Markit (Nasdaq: INFO), an internationally-referenced price reporting agency serving the oil, natural gas and biofuels industries, is pleased to announce that it has completed its fifth annual independent assurance review of its benchmarked fuel prices, including U.S. Natural Gas Liquids, U.S. West Coast Refined Spots, U.S. Midwest Refined Spots, Asia LPG, Europe Distillates, Europe LPG and U.S. Renewables methodologies.

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OPIS and Trayport Sign for New Oil Product Trading Screens

LONDON (March 20, 2017) – Traders and brokers who seek efficient and transparent ways to buy, sell and price physical oil products can now employ a suite of new trading and price discovery screens following the signing of an agreement between OPIS, part of business information provider IHS Markit (Nasdaq: INFO), and London-based Trayport Ltd.

OPIS will leverage the high performance, executable trading screens that also provide instant price discovery using the OPIS450 methodology. OPIS450 assesses live-market bid, offered and traded value to create a price for each of the 450 minutes between 9 a.m. and 4.30 p.m. before averaging outright prices and differentials to provide new all-day and settlement-derived prices.

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Launched Today: NGL Basket OPIS Mont Belvieu Non-TET

OPIS is pleased to announce the launch of its NGL Basket OPIS Mont Belvieu Non-TET, a single daily price based on and derived from the daily averages of the components of Y-Grade that allows for pricing of the total slate of NGL products priced by OPIS.

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OPIS Launches Natural Gas Pricing Service

Oil Price Information Service (OPIS) is launching a new natural gas pricing service covering key markets in the U.S. and Canada. The new service offers the closest look available for natural gas buyers and sellers by showing, on a daily basis, transparent and important prices that can be used as benchmark indices for over-the-counter natural gas transactions.

With the release of its Natural Gas Price Daily & Bidweek Report, OPIS adds natural gas to its extensive portfolio of commodities it covers each day. The new service complements OPIS’s existing coverage of wholesale and retail gasoline, diesel fuel, heating oil, propane, jet fuel and other commodity products.

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OPIS Successfully Completes Benchmark Audit for Natural Gas Liquids, Refined and Renewable Products Pricing Assessments

LONDON (12 October 2016) – Oil Price Information Service (OPIS) – part of business information provider IHS Markit (Nasdaq: INFO) and an internationally referenced price reporting agency serving the oil, natural gas and biofuels industries – has completed its fourth annual independent audit. This audit was carried out on its oil price reporting business that includes its benchmarked U.S. Natural Gas Liquids, U.S. West Coast Refined Spots, U.S. Midwest Refined Spots, Europe LPG and U.S. Renewables methodologies.

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OPIS Introduces a Temperature Corrected Assessment

OPIS, an IHS Markit company and the leading provider of wholesale spot and rack pricing information to the U.S. and international community, is adding “a temperature corrected assessment” to its portfolio of pricing data and options available to customers.

Starting Oct. 3, OPIS customers will be able to receive on a daily basis a PDF file, the “OPIS Temperature Correction Assessment Report,” that will detail in U.S. cents per gallon the increment of adjustment buyers and sellers of gasoline and diesel fuel need to make to normalize prices taking into account volumetric expansion or contraction of gallons based on temperature.

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OPIS Unveils Redesigned Next-Generation Spot Ticker

Gaithersburg, MD, September 19, 2016 – Oil Price Information Service (OPIS), an IHS Markit company (Nasdaq: INFO) that revolutionized real-time spot market coverage when it launched the first OPIS Spot Ticker in 2000, announces the release of the next-generation, new and improved OPIS Spot Ticker.

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New OPIS Contract Available for Trading at ICE Futures Europe

Gaithersburg, MD, August 18, 2016 — Oil Price Information Service (OPIS), an IHS Markit company (Nasdaq: INFO) and a leading provider of gasoline and diesel spot pricing information, today announces the introduction of a new futures contracts at ICE Futures Europe.

Starting Monday, August 22, 2016, ICE Futures Europe will list the Group 3 V-Grade Sub-Octane Gasoline (OPIS) vs RBOB Gasoline 1st Line Future.

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IHS Completes Acquisition of Oil Price Information Service (OPIS)

ENGLEWOOD, Colo.– IHS Inc. (NYSE: IHS), the leading global source of critical information and insight, has completed its acquisition of Oil Price Information Service (OPIS), an internationally referenced pricing reporting agency that serves the oil, natural gas and biofuels industries. IHS announced its intent to acquire OPIS on January 11, 2016; closing occurred on February 10.

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Airline Fuel Buyers Find New Way to Purchase Barrels

Gaithersburg, MD, February 18, 2016 – Fuel acquisition managers for top European airlines now have a new way to purchase fuel and assess all-day fuel values using the exclusive OPIS450 trading screen and platform.

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