OPIS-PCW FAQs

PETROCHEM WIRE IS NOW A PART OF OPIS

On August 3, 2018, PetroChem Wire was acquired by OPIS (Oil Price Information Service). We at PCW and OPIS are excited about this. Here are some of the most common questions we have heard since the news was announced. Our clients' comfort is our priority - if your question is not answered here, please email me at kathy@petrochemwire.com.

Q. Who is OPIS?

A. OPIS tracks current and historical pricing for oil products across the entire fuel supply chain. OPIS provides pricing reports, raw data, mobile apps and web-based pricing tools for spot (also referred to as “bulk”), wholesale rack ad retail fuel markets. Many of OPIS' pricing products are available in real-time and can be customized to suit your needs. Commodity pricing includes gasoline, diesel, biofuels, NGL/LPG, natural gas, jet fuel and feedstocks. OPIS began covering petroleum markets in 1977; the company was acquired by IHS Markit in 2016. You can learn more at the OPIS website by clicking here.

Q. Will my PCW subscription price change?

A. No. As had been our practice in the past, any changes in price will continue to be conversations that occur at your subscription's renewal.

Q. Will my subscriptions to PCW be combined with my subscriptions to OPIS and IHS Chemical?

A. There will be no immediate changes. As accounts are integrated, we will schedule a meeting with your company to work out the details.

Q. Will the reports change?

A. There will be no immediate change to the reports themselves. As we evolve and integrate content with OPIS, we will work closely with market participants and clients to ensure that any changes are beneficial to all. All clients will be fully apprised well in advance of any changes.

Q. Can I now access PCW data through the IHS or OPIS portal?

A. Not immediately. Any changes to PCW data delivery or data history access would follow a process that ensures that any changes are beneficial to all. All clients will be fully apprised well in advance of any changes.

Q. Will any changes be made to the existing PCW methodology?

A. No. As has been our editors' practice since 2007, any changes to methodology are only made after working extensively with market participants and notices of proposed changes would be issued to ensure full comprehension by the markets affected.

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