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Oil Price Information Service (OPIS) provides price transparency across the global supply chain so that all stakeholders can buy and sell oil and energy commodities with confidence. We do this by providing transparent pricing, real-time news, powerful analytics and software and educational and networking events. We also provide a range of free resources and maintain an active blog.
Our commitment to reliability is reinforced by world-class, personalized customer service and constant innovation. OPIS listens to what our customers and industry stakeholders need and responds with flexible and easy-to-use products and solutions. OPIS methodology is compliant with all international standards for price reporting agencies set forth by IOSCO, the International Organization of Securities Commissions. Source
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| Scope | Trade/B2B, Consumer |
|---|---|
| Language | English |
| Country | United States of America |
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Recent Articles
Search ArticlesCapCO2 Solutions CEO Extols Virtues of Green Methanol
Carbon capture and sequestration technology has been heralded by some as a savior for the US ethanol industry, but CapCO2 Solutions CEO Jeff Bonar insists that he has a better one. Bonar's company has collaborated with Adkins Energy to take steps to build the first facility to convert ethanol plant waste CO2 to green methanol. "The Adkins board has approved the project. We're just about done with the engineering study," said Bonar.
Mid-2023 Brings Boost in Air Travel on US West Coast
Passenger traffic totals at Los Angeles International Airport (LAX) in July 2023 reached 7.308 million, representing a 15.17% increase compared to the same period in 2022, according to the latest data released by Los Angeles World Airports, the owner-operator of LAX and Van Nuys Airport. These figures demonstrate a trend of recovery, following the pandemic's peak when numbers dropped by 82.01% in July 2020 versus July 2019.
Analysis: Latest Rise to $90/bbl Crude Underscores Dramatic Downstream Changes
On September 14, 2023, front month WTI futures surpassed $90/bbl for the first time since November 2022. Oil first broached $90/bbl way back on October 25, 2007, on its way to an eventual rendezvous with $145/bbl in 2008. The move above $90/bbl was a big deal back in 2007 and it is a similarly big deal in the present time. But an analysis of the numbers then and now speaks to the dramatic changes that have occurred in the last 191 months in the downstream fuels’ arena.
Six Idle EU Cement Plants Received $95 Million in Surplus Free EUAs
Six European Union-based plants operated by five cement industry giants — Holcim Group, CEMEX, Buzzi Unicem, Votorantim Cimentos and Cementos Portland Valderrivas — were issued a surplus of €88.2 million ($95.2 million) in free European Union emissions allowances (EUAs) from 2019 to 2022 despite the installations being idle or emitting tiny amounts of carbon in a calendar year, an OPIS review of EU data shows.
European Refineries Reduce Output Amid Loss of Russian Crude and Hot Weather
The loss of access to Russian crude and unusually high summer temperatures have curbed output of oil products from European refineries, the International Energy Agency (IEA) has warned. The IEA said in August that refinery throughput across OECD Europe nations fell in June by 530,000 bbl/d compared with the same month of 2022. For the third quarter, the agency forecast an even greater on-year decline of 600,000 bbl/d.
Midstream Merger Mania Sees 'Coastal' Majors Absorb Landlocked Gatherers
A consolidation frenzy in the midstream sector is seeing integrated majors snap up gathering and processing firms active in America's shale hinterlands, as the majors jostle with one another to source more y-grade (the raw mix of natural gas liquids) to feed into their expanding fractionation and export operations.
Cobalt, Congo and the Mining Conundrum
Cobalt, one of the main minerals used in battery technology, is a key component of the energy transition to carbon net zero. The cobalt market is expected to skyrocket, with the vast majority of cobalt being sourced from the Democratic Republic of Congo. However, with small-scale or artisanal mining in a country associated with child labor and inhumane working conditions, significant issues have arisen around the use of this critical mineral.
European Diesel Cracks Soar Amid Tight Supply and Refinery Outages
Prices and cracks for diesel and other oil products surged in late July and early August, reflecting tight supply and low stocks at a time when demand picks up due to the summer travel season. The situation in Europe is particularly volatile as a result of sanctions on Russian oil, which have lengthened trade routes, with flexibility hampered by the need to find alternative supply sources.
7 Things You Don't Know About Your Wholesale Fuel Rack Report
If you are reading this, chances are good that you have recently started subscribing to one of our rack services or are interested in doing so. If so, welcome! Chances are also good that you have many questions — and we don’t blame you. Navigating the wholesale fuel market can be confusing. But we’ve been covering rack markets for over 30 years, so we’ve got you covered.
CreditNature Interview: Nature Markets Require Pioneer Buyers to Grow
Nature markets are still in their infancy, but the Kunming-Montreal Global Biodiversity Framework agreed by almost 200 nations at COP15 in Montreal in December 2022 was a signal to investors that these could become billion-dollar markets in the coming years.