Oil Price Information Service (OPIS) is a price-reporting agency, providing information used for commercial contracts and trade settlement related to petroleum, gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, natural gas, petrochemicals, recycled plastics, refinery feedstocks, residual fuel, and kerosene. It is based in Rockville, Maryland, US and has offices in Wall, New Jersey, Houston, Texas, St. Paul, Minnesota, and in Sweden, Romania, Singapore, and Japan.
|Brian Crotty (CEO), Tom Kloza (Founder) & Ben Brockwell (Founder)|
Number of employees
|Subsidiaries||PointLogic Energy, Axxis Software|
OPIS is one of the four main Price Reporting Agencies (PRAs) for market price reporting including daily market price assessments that are "fair, efficient, and transparent" in addition to Platts, Argus Media and ICIS according to the International Organization of Securities Commissions.
OPIS is a benchmark in multiple areas including Propane, and NGL. In 2016 it made available four new contracts for trading at ICE Futures Europe.
1996 - OPIS acquired the Stalsby/Wilson Directory business and Computer Petroleum Corp. (CPC).
2005 - OPIS acquired Axxis Software.
2012 - OPIS acquired PointLogic Energy (formerly LCI Energy Insight).
2013 - OPIS acquired GasBuddy.
2015 – OPIS acquires NAVX, the leading European and South American provider of retail fuel pricing, parking and Electric Vehicle (EV) charging location information.
2016 – IHS Markit acquires OPIS for $650 Million.
2018 - OPIS acquires Petrochem Wire.