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.
What does OPIS stand for in fuel?
OPIS (Oil Price Information Service) delivers pricing and analysis you can trust across the entire fuel chain – in real time, worldwide.
What is OPIS rack price?
OPIS is the oil industry’s rack price benchmark.
As an independent wholesale price reference, the industry relies on our benchmark rack data to ensure that fuel transactions and supply contracts are accurate and fair. Rack price delivery type, formats and frequency are flexible.
What is OPIS low?
Glossary Terms » OPIS Low. The lowest supplier price at that particular rack on that day.
Who is buying OPIS?
News Corp, the news and media conglomerate headed by Rupert Murdoch, will pay $1.15 billion in cash for Oil Price Information Service (OPIS), a deal that will expand its business-to-business digital information portfolio and continues its recent M&A streak.
What is an OPIS report?
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 …
Does IHS own OPIS?
IHS Merged With Markit – OPIS.
WHO publishes Oilprice?
James Stafford is the founder and CEO of Advanced Media Solutions which owns numerous web properties, including Oilprice.com, the largest energy-focused news analysis site in the World and the parent company of OP Tactical.
What does the term opus mean?
An opus is a created work, usually musical in nature. The composer’s greatest opus was inspired by the blooming of the spring flowers. While an opus is a piece of work, usually musical, the best way to remember it is to know that the preferred plural of opus is opera which everyone associates with music.
What does ex rack mean?
Ex-Rack. Fuel that is picked up at the terminal by truck (rather than “delivered”). FAME. Fatty Acid Methyl Ester; the official name for biodiesel blended with diesel to reduce emissions.
How is rack price calculated?
Rack pricing can be calculated by adding the costs of transportation, overhead and profit to the gasoline spot price. This is why rack pricing may vary for different places. For example, an isolated station far from its refinery pays a higher rack pricing than one that is closer to the refinery.
What is wholesale rack?
What is a Wholesale Rack? A rack is a fuel distribution point – usually along a pipeline – where fuel is supplied. We call it a “rack,” because trucks pull up to an actual loading rack to receive fuel from their fuel suppliers.
What is the rack price of gasoline?
The rack price for refined product is one of the key wholesale price points in the fuel supply chain. The rack price is the price of gasoline or diesel, loaded onto a truck at the distribution terminal, ready for delivery to end users or retail stations.
How much does News Corp cost?
Later in June, Specific Media and pop singer Justin Timberlake bought the site for $35 million, which CNN reported noted was “far less than the $580 million News Corp.
What is the price of crude oil?
WTI Crude | 76.71 | +0.83% |
---|---|---|
Brent Crude | 79.70 | +0.91% |
Natural Gas | 3.771 | -1.15% |
Heating Oil | 2.391 | +1.43% |
Gasoline •11 hours | 2.273 | +0.71% |
What is an example of opus?
Frequency: A creative work, especially a musical composition numbered to designate the order of a composer’s works. A musician’s series of works organized by date of publication is an example of an opus. …
What is opus system?
OPUS is an open-source software package under the GNU General Public License used for creating Open Access repositories that are compliant with the Open Archives Initiative Protocol for Metadata Harvesting. It provides tools for creating collections of digital resources, as well as for their storage and dissemination.
Is opus a Latin word?
A Latin word meaning a work, used to mean a particular piece of music by a composer.
What is a refinery rack?
The rack is the loading facility for tank wagons at a fuel terminal. … Tank trucks pull under the rack and are filled from above with fuel. The rack price is a key pricing point in the refined product supply chain, reflecting pricing at the point where fuel has been loaded onto a truck and is ready for final delivery.
What is above the rack?
Above the rack means sales of 10,000 gallons or more of diesel fuel at pipeline origin points, pipeline batches in transit, and at terminal tanks before the diesel has been loaded into trucks or other means of non-bulk transfer.
What does below the rack mean?
Below the rack means sales of clear or blended gasoline or diesel fuel where the fuel is being sold as a finished fuel for use in a motor vehicle.
What is rack price propane?
Rack price is a variable discount price that fluctuates daily with the price per barrel of oil. Your rack price is the day of delivery price.
What is rack marketing?
Glossary Terms » Rack Market. Petroleum products sold at the wholesale level from primary storage. Refers to loading racks where tanker trucks fill up.
What is fuel rack in diesel engine?
Each cylinder has a fuel injector designed to meter and inject fuel into the cylinder at the proper instant. … The amount of fuel to be injected by each injector is set by a mechanical linkage called the fuel rack. The fuel rack position is controlled by the engine’s governor.
What is the profit margin on gasoline?
The gross margin (or markup) on gasoline in 2018 was 23.8 cents per gallon, or 8.7% of the average price of $2.72 for the year. Over the past five years, retailer gross margins have averaged 21.6 cents per gallon, or 8.5% of the overall price.
What is the price of dyed diesel?
Alberta Diesel prices, litre
The average value for Alberta during that period was 1.36 Canadian Dollar with a minimum of 1.26 Canadian Dollar on 27-Sep-2021 and a maximum of 1.38 Canadian Dollar on 18-Oct-2021. For comparison, the average price of diesel in the world for this period is 1.97 Canadian Dollar.