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22 Sep 2023
Air Group Hits Pemex, Mexican Government for Delays in ULSD Rule Compliance
An air quality monitoring group in Mexico is criticizing Pemex for failing to make necessary investments at its refineries to produce less polluting ULSD and the government for allowing the company to avoid complying with a regulation requiring the sale…
22 Sep 2023
Braskem to Idle Half of its Marcus Hook, Pa., Polypropylene Plant
Braskem will idle one of its two polypropylene production lines in Marcus Hook, Pa., the Brazil-based petrochemical company said on Friday. A "limited reduction" of workforce will accompany the idling, a company spokesperson said, adding that the move was necessary…
22 Sep 2023
OPIS Europe Marine Fuels Prices Sept. 22 2023
One HSFO barge deal wraps up week in ARA The marine fuel market ended the week with a whimper, with just one 3.5% barge trade disclosed by brokers in the northwest European Amsterdam-Rotterdam-Antwerp hub, Mercuria selling to Peninsula at $560/metric…
22 Sep 2023
U.K. Vehicle Ban Delay Gives Time for U.K. EV Infrastructure to Develop: RMI
The United Kingdom's Retail Motor Industry Federation (RMI) has welcomed the decision by Prime Minister Rishi Sunak to delay the ban on sales of internal combustion engine (ICE) vehicles to 2035 from 2030, but criticised the lack of support and…
22 Sep 2023
Perfect Storm Whips Up VLGC Freight Rates to Record High
Freight rates on the three main very large gas carrier (VLGCs) routes reached a record high on Sept. 21, buoyed by a tightness in vessel availability, increased cargo demand from the Mideast Gulf and the fallout of delays from the…
22 Sep 2023
LPG as Bunker Fuel Proves Dividends for Shipper BW LPG
The use of liquid petroleum gas (LPG) as a bunker fuel is already turning profits for shipowners opting to use the fuel over the traditional 0.5% very low sulfur fuel oil (VLSFO), according to a presentation from shipowner BW LPG…
22 Sep 2023
Citigroup Analysts Predict Russian Ban on Fuel Exports Will be Short-Lived
Citigroup commodity analysts said they expect Russia's temporary ban on gasoline and diesel exports will likely last for about six weeks. The bank on Thursday said the export ban, which has helped to widen global diesel and gasoline cracks, was…
22 Sep 2023
EU Commission Recognizes Abuse of Free Allocations to Idled Installations
The European Commission has recognized that under the European Union's carbon scheme operators can abuse the system of free allowances, obtaining free permits despite idling or shuttering their installations, an OPIS review of EU documents showed. The European Commission's Expert…
22 Sep 2023
Itochu, Peninsula Petroleum Sign MoU to Develop Ammonia Bunkering in Spain
Japanese industrial giant Itochu Corporation and marine fuels supplier Peninsula Petroleum have signed a Memorandum of Understanding (MoU) to develop ammonia bunkering in Spain, the former said in a news release on Friday. The MoU paves the way for the…
22 Sep 2023
TotalEnergies, AGEL Create Renewable Energy JV in India
France's TotalEnergies and Adani Green Energy Limited (AGEL), a division of the Indian Adani Group, have signed a binding agreement to create a new renewable energy 50/50 joint venture in India, according to a TotalEnergies news release Wednesday. With a…
22 Sep 2023
Lightsource bp, Microsoft Sign Solar Power PPA Deal for Poland Grid Network
Lightsource bp has signed a solar power purchase agreement (PPA) with Microsoft in Poland, the first such deal for both companies in the European country, according to a news release Thursday. Renewable energy in Poland is key to cutting greenhouse…
21 Sep 2023
OPIS Europe Marine Fuels Prices Sept. 21 2023
Selling interest was reported in the LSFO northwest European market on Thursday, with Gunvor showing an offer into the Swedish port of Gothenburg, for Oct. 1-5 loading dates, quoting 1% FOB cargoes, at plus $6/mt. The reported cargo size was…
21 Sep 2023
Dow Unveils Circular Propylene Glycol Products in European Market
American chemical major Dow Chemical Co. (Dow) introduced new propylene glycol (PG) products made from circular, bio-based feedstocks in the European market, the company announced on Thursday. The three sustainability products include Propylene Glycol RDC featuring DecarbiaTM made from renewable…
21 Sep 2023
Retail Diesel Prices Rise Faster than Gasoline on Week: OPIS NAVX Data
Gasoline and diesel pump prices in France, Germany, Italy, Spain and the United Kingdom on Sept. 18 climbed above the previous week's levels, according to the latest OPIS NAVX data. Repeating their pattern of Sept. 11, diesel retail prices registered…
21 Sep 2023
Shell May Restart Pernis 404,000 b/d Refinery Unit on Sept. 25: Sources
Shell Plc may restart a shuttered unit at its 404,000 b/d Pernis refinery in Rotterdam by Sept. 25, according to a source close to the company with knowledge of the matter and a Reuters report. Separately, the Reuters report added…
21 Sep 2023
EVs Set to Account for One-Third of Global Vehicle Fleet by 2040, Says Vitol
Electric vehicles (EVs) will account for one-third of the global fleet by 2040, with gasoline vehicles still numbering more than 1 billion units, according to commodities trading house Vitol Thursday. EVs, both passenger and light commercial, are becoming more widespread…
21 Sep 2023
Total Oil, NGL, Gas Output from Norway Dips 2% on Month: NPD Data
Total oil production from Norway's fields totaled around 1.79 million b/d in August, 46,000 b/d lower than July but 18,000 b/d above initial forecasts, according to data from the Norwegian Petroleum Directorate (NPD) Thursday. During August, Norwegian oil output increased…
21 Sep 2023
TotalEnergies to Build Plastic Waste Recycling Unit at Grandpuits in France
France's TotalEnergies will build a new plastic waste mechanical recycling unit at its Grandpuits site to the southeast of Paris, according to a news release Wednesday. The new unit is scheduled to become operational in 2026 and joins an existing…
21 Sep 2023
Australia Seeks Feedback on Proposed Hydrogen Guarantee of Origin Scheme
The Australian government has opened consultation on the final details of its proposed Guarantee of Origin (GO) scheme to certify and track the emissions from hydrogen and hydrogen energy carriers, prior to the scheme's implementation in 2024, the government said…
20 Sep 2023
World Must Accelerate Decarbonization to Meet Paris Climate Goal: PwC Report
The rate of decarbonization is falling dangerously short of what is required to limit global warming to 1.5 degrees Celsius, according to a report released Wednesday by accounting giant PricewaterhouseCoopers. The firm's annual Net Zero Economy Index shows that a…
20 Sep 2023
DeSantis Targets $2/Gal Gasoline by 2025 as He Unveils Energy Agenda
Republican presidential hopeful Ron DeSantis on Wednesday laid out a plan for increasing U.S. energy production that he said targets a price of $2/gal for gasoline by 2025. Speaking during an event in Midland, Texas, the Florida governor said if…
20 Sep 2023
UK Prime Minister to Delay or Scrap Some Net-Zero Emission Programs
British Prime Minister Rishi Sunak on Wednesday announced plans to revise the government's net zero target initiatives, including delaying a ban on the sale of new gasoline and diesel vehicles by five years to 2035 and scrapping policies that would…
20 Sep 2023
Carbon Permit Windfall Possible as Tata Decarbonizes UK Steelworks
Tata Steel, which operates the largest carbon dioxide emitting plant in the United Kingdom, will receive a £500 ($620) million government subsidy to decarbonize its steelworks at the Port Talbot site in Wales, but an OPIS analysis suggests that the…
20 Sep 2023
Market-Led Initiative Unveils Nature-Related Financial Disclosure Blueprint
The Taskforce on Nature-related Financial Disclosures (TNFD), an international cross-sector initiative, published its long-awaited list of 14 recommendations intended to help shift private investment and capital towards nature-positive outcomes and, potentially, the flourishing of nature credit markets. The 154-page report…
20 Sep 2023
Ports of Rotterdam, Singapore Lead Initiative for 30% Emissions Cut by 2030
The Maritime and Port Authority of Singapore (MPA), the Port of Rotterdam and 20 partners are working to reduce international shipping emissions to 30% by 2030 compared to 2022 levels, up from 20% previously stated, according to a news release…
20 Sep 2023
CORRECTION: Vopak Rotterdam Chemical Terminals Sale to Equity Firm "Positive": Sources
(adds missing text in first paragraph) Vopak's announcement Tuesday of the sale of its three chemical terminals in Rotterdam, the Netherlands, to private equity firm Infracapital for €407 ($435) million is a positive sign for the industry, market sources told…
20 Sep 2023
ULSD Barge Market in Northwest Europe Witnesses Liquidity Boom
The market for spot ultra-low-sulfur diesel (ULSD) barges loading in the northwest European oil refining hub of Amsterdam, Rotterdam and Antwerp (ARA) has witnessed a sudden surge in trading liquidity this week, according to broker reports. On Tuesday, market participants…
20 Sep 2023
French Road Fuel Consumption Falls on Year in August: UFIP
French road fuel consumption in August fell compared with the same month last year and first eight months of 2023, and August 2022, French petroleum industry trade association l'Union Française des Industries Pétrolières (UFIP) said in a news release on…
20 Sep 2023
Western Australia Scales Back Export Ambition in Hydrogen Strategy Refresh
The government of Western Australia (WA) has scaled back its ambitious renewable hydrogen export target as it seeks to refresh its hydrogen strategy in the wake of significant international market developments and global policy shifts in the four years since…
19 Sep 2023
7-Eleven Sees Lower Same-Store Fuel Sales, High Margins in Driving Season
7-Eleven Inc. saw sharp year-to-year declines in same-store dollar sales for fuel, but better-than-average retail gasoline margins during the summer driving season, according to a report Friday from Seven & i Holdings Co., the company's Japanese parent. Most of the…
 

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Refiners & Suppliers

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Overcome oil market volatility with OPIS benchmark spot and rack prices plus real-time news and data alerting you immediately to changes in supply and demand.

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Buy fuel strategically and sell fuel competitively with innovative OPIS price resources that help you get the best supply deal possible and ultimately protect your business bottom line.

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Buy fuel strategically and sell fuel competitively with innovative OPIS price resources that help you get the best supply deal possible and ultimately protect your business bottom line.

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OPIS data empowers you to protect critical retail margins, manage wholesale fuel costs effectively, verify supplier charges, optimize product prices and maximize business sales and profits.

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Respond quickly to emerging oil market trends with OPIS spot prices and market analysis – even during periods of volatility and intense unpredictability.

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Manage NGL/LPG market volatility with global price transparency and expert insight. Every gallon of product traded at the highly-influential Mont Belvieu hub is transacted on OPIS price assessments.

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Pay the best possible price on bulk fuel for your fleet. OPIS helps minimize risks and control costs when working with a limited number of suppliers and buying massive fuel volumes in a volatile market.

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OPIS West Coast Spot Market Report

Benchmark gasoline, diesel and jet fuel pricing with expert market commentary. Nearly every gallon of gasoline, diesel and jet fuel sold on the West Coast references OPIS spot prices, making it an essential price reference for anyone doing business in the region.

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Attend the inaugural World Chemical Forum in Houston from September 12-14, where the renowned experts from Chemical Market Analytics by OPIS - in cooperation with The Wall Street Journal and Barron's - will provide insight into chemical and energy markets amid a shifting geopolitical landscape across the globe. Sessions will deliver multi-perspective guidance on pivotal market initiatives along with deep-dive examinations of all base chemicals markets, including olefins, plastics, aromatics, inorganics and syngas. Register early and save.

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