GAITHERSBURG, Md. -- Oil Price Information Service (OPIS), a source for petroleum-pricing data and news, and Telvent GIT SA, a real-time IT solutions and information provider, have announced a recent agreement that will make OPIS's benchmarked spot and rack pricing data available to users of Telvent DTN's fuel pricing analysis and energy trading data management solutions.
The OPIS information, coupled with the features in Telvent DTN solutions, will help subscribers optimize fuel buying and selling decisions.
OPIS will provide Telvent DTN exclusive access to its recently launched "Real-Time Racks" pricing service, which continually updates OPIS low, high and average pricing benchmarks for more than 390 terminals.
Telvent DTN's fuel pricing and trading data management solutions will centralize the information for users and, with analytical and filtering tools, make fuel buying, selling and trading processes more efficient and decision making more agile and accurate, the company said.
The agreement also has Telvent DTN providing its rack price updates, via its "DTN FastRacks" service, to OPIS for inclusion in the latter's rack-pricing services.
According to Ignacio Gonzales, Telvent's chairman and CEO, "We are pleased that our customers can now have direct access to OPIS prices via our renowned information management solutions for fuel pricing and trading. OPIS customers also will benefit, with an additional software choice to access and analyze their pricing benchmarks."
Brian Crotty, OPIS president and CEO, said, "The additional Telvent DTN price feed will further strengthen our already exceptional OPIS rack price services."
OPIS will continue to provide its rack price benchmarks directly to customers and through other third-party software vendors, and Telvent DTN will continue to offer its branded 24-hour fuel rack pricing service to its customers.
OPIS is a source for worldwide petroleum pricing and news information and has offices in Gaithersburg, Md.; Wall, N.J.; St. Paul, Minn.; Gothenburg, Sweden and Singapore. Every day, OPIS publishes spot prices for all refined products, more than 30,000 wholesale gasoline and diesel rack prices and more than 110,000 retail fuel prices.
Fort Collins, Colo.-based Telvent is a global IT solutions and business information services provider dedicated to helping improve efficiency, safety and security for companies worldwide. Telvent serves markets that are critical to the sustainability of the planet, including the energy, transportation, agricultural and environmental sectors.
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