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The Platts assessment process determines the value of physical commodities 15–30 days forward for many oil products loading in Singapore. [1]MOPS is an acronym that stands for the Mean of Platts Singapore, and typically refers to any contract mechanism that derives its value by referencing the average of a set of Singapore-based oil price assessments published by Platts.
2012 - OPIS acquired PointLogic Energy (formerly LCI Energy Insight). [8] 2013 - OPIS acquired GasBuddy. [9] 2015 – OPIS acquires NAVX, the leading European and South American provider of retail fuel pricing, parking and Electric Vehicle (EV) charging location information. [10] 2016 – IHS acquires OPIS for $650 Million. [11]
S&P Global Commodity Insights is a provider of energy and commodities information and a source of benchmark price assessments in the physical commodity markets. The business was started with the foundation in 1909 of the magazine National Petroleum News by Warren C. Platt. [4]
Oil extended gains as markets priced the supply impact of recently announced sanctions against Russia's energy market. Oil prices jump to 5-month high over increasing worries of supply crunch ...
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
The petroleum industry in Singapore is accountable for part of the country's economy, exporting about 68,100,000 tonnes (67,000,000 long tons; 75,100,000 short tons) of oil (as of 2007). Singapore is dubbed "the undisputed oil hub in Asia ."
The oil spilled into Singaporean waters after a Netherlands-flagged dredger struck a stationary Singapore-flagged bunker vessel on Friday afternoon in the southern port of Pasir Panjang.