Oil Price Information Service (OPIS)

What Oil Price Information Service (OPIS) does

Oil Price Information Service (OPIS), founded in 1977 and headquartered in Gaithersburg, Maryland, is a wholly-owned subsidiary of Dow Jones & Company and operates as a B2B information services platform serving energy, chemical, and environmental commodity markets worldwide. The company publishes benchmark spot and rack price assessments for refined fuels, crude oil, LPG/NGL, petrochemicals, chemicals, renewable fuels, coal/metals/mining, and emerging environmental commodities (carbon, hydrogen, solar). OPIS's pricing assessments function as the de facto industry standard at the Mont Belvieu hub, where every gallon of NGL/LPG is transacted on OPIS prices, and the firm is compliant with IOSCO principles for energy price reporting agencies.

The product architecture follows a platform-plus-modules model: core offerings include regional spot reports (OPIS Spot Ticker, West Coast Spot Market Report, East of the Rockies Refined Spot Report, Global Marine Fuels Report, North America LPG Report, Worldwide Jet Fuel Report, Global LPG & Naphtha Report, NGL Forwards, Global LPG Ticker, Worldwide Jet Fuel Report, Biofuels Daily, Global Solar Markets, Global Hydrogen Report), wholesale rack pricing tools (RackPro web platform, Rack API), an AI-driven retail fuel suite (A2i PriceCast, PricePro, LocationPro, RetailSuite, AnalyticsPro, MarginPro, DemandPro, MarketSharePro, OPISNAVX), wholesale fuel management software (Axxis Analyze, Buy, Move, Reconcile, Sell), chemical market analytics, McCloskey coal/metals/mining services, PetroChem Wire, Eco-Movement (EV charging data), and recurring newsletters/alerts (Oil Express, OPIS Newsletter, Retail Fuel Watch, intraday email/mobile news alerts). The technology stack centers on web-based data and analytics platforms with a programmatic API layer, near-real-time pricing distribution, and machine-learning features in the retail planning and pricing products.

OPIS operates a B2B subscription revenue model with quote-based, non-public pricing tailored to customer usage. Revenue is generated across three primary streams: subscription data services (real-time and historical pricing, benchmark assessments, market intelligence), software products (web-based SaaS platforms and the Rack API), and industry reports/newsletters. GTM is sales-led, with direct enterprise sales supported by content marketing (OPIS Insights blog, OPIS Talks Podcast), industry events and webinars, social media presence, and email newsletters. Customer segments span refiners and suppliers, wholesalers and jobbers, retailers, traders, NGL/petrochemical companies, transportation fleets, municipalities, and financial institutions, with additional sub-brands acquired over time (NAVX 2015, GasBuddy 2013, McCloskey, Chemical Market Analytics, PetroChem Wire) extending the addressable market.

Name

Oil Price Information Service (OPIS)

Legal name

Oil Price Information Service, LLC

Website

https://opisnet.com

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

251–500 employees

Short description

OPIS, a Dow Jones subsidiary founded in 1977, provides subscription-based pricing benchmarks, market data, and analytics for energy, chemical, and environmental commodity markets, serving refiners, wholesalers, retailers, traders, and financial institutions worldwide.

Ownership category

akta.pro rank

Product category

Energy and Commodity Market Data and Analytics

NAICS

Commodity Contracts Intermediation (523160), Commodity Contracts Intermediation (52316)

SIC

Commodity Contracts Brokers & Dealers (6221), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Commodity Market Data, Pricing & Benchmark Administrators (Commodity Indices/Assessments) (FSAFAMAJ)

Keywords

• Energy commodity pricing
• Wholesale rack pricing
• Petrochemical market data
• Fuel pricing software
• Carbon market intelligence

Headquarters

HQ city

Gaithersburg

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Subscription Data Services: OPIS generates revenue primarily through subscription-based access to its pricing data, news, and analytics platforms. Customers pay for real-time and historical market data, benchmark pricing assessments, and market intelligence reports covering refined fuels, crude oil, LPG/NGL, petrochemicals, chemicals, renewable fuels, and environmental commodities.
2. Software Products: Revenue from software products including RackPro, Axxis Software suite (Axxis Analyze, Buy, Move, Reconcile, Sell), A2i PriceCast, PricePro, LocationPro, AnalyticsPro, MarginPro, DemandPro, and MarketSharePro. These are delivered as web-based platforms with subscription or licensing fees.
3. Industry Reports and Newsletters: Revenue from specialized reports and newsletters including Oil Express, OPIS Newsletter, Retail Fuel Watch, CAMIRO, Global Carbon Market Report, and other commodity-specific market reports.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

OPIS is a B2B provider of subscription-based pricing data, news, and analytics for global energy, chemical, and environmental commodity markets. It sells spot and rack price assessments, regional and commodity-specific reports, AI-powered retail fuel optimization software, wholesale fuel management platforms, chemical and petrochemical market analytics, and historical/forecast price data to refiners, wholesalers, retailers, traders, NGL/petrochemical firms, transportation fleets, municipalities, and financial institutions.

Product overview

OPIS is a world-leading provider of news, data, and analysis for energy, chemical, and environmental commodity markets. The company operates a platform-plus-modules architecture offering core spot and rack pricing products, specialized regional and commodity-specific reports, AI-powered retail optimization tools (LocationPro, A2i PriceCast), wholesale fuel management software (Axxis suite), and chemical market analytics. Key product families include: Spot Market Reports (OPIS Spot Ticker, regional refined products, LPG, jet fuel, carbon, biofuels, crude oil, petrochemicals); Rack Pricing (RackPro platform, Rack API); Retail Fuel Solutions (A2i PriceCast, PricePro, LocationPro, RetailSuite, AnalyticsPro, MarginPro, DemandPro, MarketSharePro); News & Analytics (newsletters, intraday alerts, Chemical Market Analytics); and McCloskey coal/metals/mining services. OPIS also provides price history, forecasting, and specialized benchmarking products.

Differentiator

Problem solved

Functional benefit

Brands

• Axxis: Fuel management and wholesale fuel software platform including Axxis Analyze, Axxis Buy, Axxis Move, Axxis Reconcile, and Axxis Sell.
• PetroChem Wire
• McCloskey
• Eco-Movement
• Chemical Market Analytics
• CAMIRO
• RackPro
• LocationPro
• A2i PriceCast
• PricePro
• OPISNAVX

Products and services

• OPIS Spot Ticker Real-time spot market price reporting for refined petroleum products, providing buyers and sellers with up-to-the-minute price discovery across the spot market.
• West Coast Spot Market Report Regional spot market pricing and analysis for the U.S. West Coast refined fuels market, serving traders, refiners, and wholesalers operating in that geography.
• OPIS East of the Rockies Refined Spot Report Regional spot market pricing and analysis for refined products east of the Rocky Mountains.
• Global Marine Fuels Report Global bunker fuel and marine fuels pricing and market analysis for shipping, trading, and refueling customers.
• North America LPG Report Regional LPG pricing and market intelligence for the North American market, including Mont Belvieu hub benchmarks.
• Global LPG & Naphtha Report Global LPG and naphtha market pricing and analysis for international energy and petrochemical participants.
• NGL Forwards Report Forward pricing data and curves for natural gas liquids, supporting hedging and trading decisions.
• Global LPG Ticker Real-time global LPG price data and updates delivered to traders and market participants.
• North American Propane Ticker Real-time propane pricing data for North America, supporting retail, wholesale, and trading customers.
• Worldwide Jet Fuel Report Global jet fuel market pricing and analysis for airlines, traders, and fuel suppliers.
• Europe Jet Fuel, Diesel and Gasoil Report European jet fuel, diesel, and gasoil market reporting and price analysis.
• Asia Jet Fuel & Gasoil Report Asian jet fuel and gasoil market analysis and pricing for regional traders and suppliers.
• CAMIRO Carbon market intelligence and pricing for carbon credit markets, part of OPIS's environmental commodity offering.
• Global Carbon Market Report Worldwide carbon market pricing and analysis for compliance and voluntary carbon participants.
• Global Carbon Offsets Report Voluntary carbon offset market pricing and analysis for buyers, project developers, and traders.
• Biofuels Daily Report Daily biofuels market pricing, news, and analysis for renewable fuels producers and traders.
• Global Solar Markets Solar panel materials and renewable energy commodity pricing and analysis.
• Global Hydrogen Report Hydrogen energy commodity pricing and market analysis for the emerging hydrogen economy.
• PetroChem Wire Daily Daily petrochemical market news, pricing, and analysis covering olefins, polyolefins, and recycled plastics.
• McCloskey Coal, Metals & Mining Services Comprehensive coal, metals, and mining price data, indexes, and research services including steel raw materials coverage and MineSpans analytics for global mining and metals participants.
• RackPro Interactive web-based platform providing real-time wholesale rack pricing data for gasoline, diesel, and other fuels, with price discovery, market comparison, analytics, and trend identification features for fuel marketers and retailers.
• Rack API Programmatic API providing access to OPIS wholesale rack pricing data, including real-time gasoline, diesel, and other fuel prices, for integration into third-party systems for price discovery and market comparison.
• Axxis Software Suite Wholesale fuel management software suite comprising Axxis Analyze (analytics), Axxis Buy (procurement), Axxis Move (logistics), Axxis Reconcile (settlement), and Axxis Sell (sales optimization) for wholesale fuel operators.
• A2i PriceCast AI-driven fuel pricing system that analyzes historical transaction data and consumer behavior patterns to help retailers make informed, optimized fuel pricing decisions and identify pricing opportunities.
• PricePro Retail fuel pricing optimization tool that supports station-level fuel pricing decisions for retailers.
• LocationPro AI-powered retail network planning platform combining near real-time location data, traffic trends, and demographic statistics to help multi-site retailers make high-return site selection and investment decisions.
• RetailSuite Comprehensive retail fuel performance and analytics platform for fuel retailers managing station networks.
• AnalyticsPro Advanced retail fuel analytics and reporting tool for fuel retailers.
• MarginPro Retail fuel margin analysis and optimization tool that helps retailers protect and improve station-level margins.
• DemandPro Retail fuel demand analysis and forecasting tool for fuel retailers planning volume and operations.
• MarketSharePro Retail fuel market share analysis and competitive intelligence for fuel retailers benchmarking performance against competitors.
• OPISNAVX Retail fuel navigation, routing, and operational tool supporting retail fuel station operations.
• Chemical Market Analytics Chemical market intelligence and analytics platform covering olefins, polyolefins, ammonia, and urea markets for chemical producers and consumers.
• Price History / Custom History Historical energy price data with customizable reporting and forecasting capabilities for trend analysis and decision support.
• Oil Express Newsletter Daily newsletter covering energy market news and price movements delivered to subscribers.
• OPIS Newsletter General market news and analysis newsletter covering OPIS's energy, chemical, and environmental commodity coverage.
• Retail Fuel Watch Competitive intelligence newsletter for retail fuel markets providing retail-focused pricing and market updates.
• Intraday Email News Alerts Real-time intraday news alerts delivered via email and mobile to subscribers during the trading day.
• Global LPG Outlook Long-term strategic analysis and forecasting service for global LPG markets, supporting planning and investment decisions.

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

Partnerships

One partnership is on record.

• Dow JonescoreOthersOPIS is a subsidiary of Dow Jones & Company, operating as 'OPIS, A Dow Jones Company.' This parent company relationship provides OPIS with institutional backing and integration with broader financial news and data services.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• S&P Global Commodity Insights (Platts): Direct competitor producing benchmark price assessments for crude oil, refined products, petrochemicals, coal, and LNG. Platts is the closest analogue to OPIS in both methodology and product set, and competes head-to-head for the same energy and commodity customers globally.
• Argus Media: Independent commodity price reporting agency covering oil, natural gas, LPG, petrochemicals, fertilizers, and emissions markets with benchmarks, news, and analytics — directly comparable to OPIS in coverage breadth, methodology, and B2B subscription model.
• ICIS (Independent Commodity Intelligence Services): Price reporting and analytics for petrochemicals, polymers, fertilizers, and base oils, with overlap on OPIS's Chemical Market Analytics and PetroChem Wire franchises. ICIS is a primary direct peer in chemicals and petrochemical price discovery.

Broad incumbents

• Bloomberg: Broad incumbent financial data and news platform with extensive energy and commodity pricing, news, and analytics offerings. Competes with OPIS at financial institution and trader segments where customers may consolidate commodity data inside a Bloomberg terminal subscription.
• LSEG (Refinitiv): Global financial data and infrastructure provider with energy and commodities pricing, analytics, and benchmark content. Competes broadly with OPIS at institutional and trading-desk customers, especially where commodity data is bundled with broader market data and trading workflows.
• IHS Markit (now part of S&P Global): Historical peer in commodity analytics and price benchmarks (energy, chemicals, automotive) before consolidation into S&P Global. Cited as a benchmark for what a large-scale, integrated commodity data franchise can be, with overlapping customer segments to OPIS.

Emerging players

• DTN: Provider of weather, agricultural, and energy market data and analytics to commercial customers. Overlaps with OPIS in refined fuels and agricultural commodity price intelligence, particularly for downstream buyers and operational decision-making.
• Kpler: Trade flow analytics and commodity intelligence platform covering oil, gas, LNG, and dry bulk using shipping and trade data. Competes with OPIS in the trader and financial institution segments with a complementary data-on-data approach to commodity price intelligence.
• Vortexa: Real-time global energy and freight analytics built on shipping, AIS, and cargo data. Competes with OPIS in marine fuels, crude, and refined product markets by offering transaction-level visibility that augments or substitutes for traditional price assessments.

Others

• S&P Global Mobility (Polk): Provides automotive and mobility data, including EV charging site data via the acquisition of Eco-Movement — a comparable reference point for OPIS's Eco-Movement sub-brand. Cited as an adjacent data-and-analytics peer rather than a direct commodity pricing competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/opis
• YouTubeyoutube.com/user/OilPriceInfoService
• Facebookfacebook.com/oilpriceinfo
• LinkedInlinkedin.com/company/opis

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oil Price Information Service (OPIS)