In early 2022, News Corp acquired Oil Price Information Service (OPIS) and related assets, including the McCloskey coal, mining and metals business and the base chemicals business (rebranded Chemical Market Analytics), from S&P Global and IHS Markit. OPIS joins Dow Jones, expanding the company’s presence in energy commodity markets.
In August, OPIS acquired PetroChem Wire, a series of daily and weekly reports that covers the entire U.S. petrochemical market, including ethylene and propylene, olefins, monomers and polymers and prime grade and recycled plastics. PetroChem Wire prices serve as benchmarks for NYMEX, CME and ICE physical and swap contracts.
IHS merges with UK-based Markit as IHS Markit, a new leader in critical information, analytics and solutions that drive economies and markets worldwide.
IHS, the leading global source of critical information and insight, completed its acquisition of OPIS on February 11, 2016.
In March, OPIS aquired NAVX, the leading European and South American provider of retail fuel pricing, parking and Electric Vehicle (EV) charging location information.
In December, OPIS acquired El Paso, TX- based LCI Energy Insight, marking the company’s first expansion into natural gas market coverage. In 2015, LCI Energy Insight was rebranded to PointLogic Energy, which continues to provide trusted fundamental data and analysis to participants in the oil and natural gas sectors.
In January, OPIS hired its first employee in Asia and opens an office in Singapore.
OPIS hired its first Europe-based employee in September to begin global spot price expansion.
OPIS acquires St. Paul, MN- based AXXIS Petroleum, enabling the company to aggregate rack prices electronically.
OPIS launched its retail fuel pricing database – the first of its kind for the United States.