Oil Price Information Service
From Wikipedia, the free encyclopedia
Oil Price Information Service (OPIS) is a price reporting agency which provides information that is 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.[1][2] It is based in Rockville, Maryland and has offices in New Jersey, Houston, Texas, Minnesota, and internationally in Sweden, Romania, Singapore, and Japan.
Quick Facts Company type, Founded ...
Company type | Subsidiary |
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Founded | October 1977; 46 years ago (1977-10) |
Founders |
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Headquarters | , |
Area served | Worldwide |
Key people |
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Number of employees | 300-350 |
Parent |
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Subsidiaries | PointLogic Energy, Axxis Software |
Website | opisnet.com |
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On August 2, 2021, it was announced that News Corp, the parent company of Dow Jones & Co., would buy OPIS from IHS Markit for US$1.15 billion.[3] When the purchase was finalized on February 28, 2022, the company became a unit of News Corp.[4]