Other aliphatic alcohols and aliphatic ethers intended for motor gasoline blending (e.g. isopropyl ether (IPE) or n-propanol).
Oils with a boiling range equal to or greater than 401 degrees Fahrenheit that are intended for use as a petrochemical feedstock.
Materials received by a refinery and consumed as a raw material. Includes hydrogen, coal tar derivatives, gilsonite, and natural gas received by the refinery for reforming into hydrogen. Natural gas to be used as fuel is excluded.
Countries which have organized for the purpose of negotiating with oil companies on matters of oil production, prices and future concession rights. Current members are Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela. The Neutral Zone between Kuwait and Saudi Arabia is considered part of OPEC. Ecuador suspended its membership from December 1992 through October 2007. Prior to January 1995, Gabon was a member of OPEC. Indonesia suspended its membership effective January 2009.
A contract traded on a futures exchange giving the buyer the right, but not the obligation, to buy (a call option) or sell (a put option) a specific quantity of a commodity from the seller or writer of the option.
Shows all terminals at a given location for every supplier by product. Includes terminal location and terminal owner.
Shows one price per product per supplier for all suppliers in that rack city. OPIS uses the primary terminal for suppliers with multiple terminals to avoid skewing the OPIS average for benchmarking purposes.
The OPIS Spot Mean represents the numerical mid-point of the OPIS Low and the OPIS High calculated using actual spot market deals confirmed by OPIS markets editors during the course of full-day trading.
A daily (Mon-Sat), independent, published survey of supplier prices without taxes, freight or superfund for gasoline and diesel fuel at over 360 U.S. rack distribution points.
The published Thursday evening average (except on holidays) in the printed OPIS Newsletter. This average is ALWAYS gross. The OPIS Newsletter started in 1980 when the market moved only once a week. Since major fuel purchases are referenced to this published price, it is one of many benchmarks available from OPIS today.