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The deal combines OPIS' extensive North American database of real-time retail fuel prices with NAVX's comparable database for 30 countries in Europe and South America.
The deal enables OPIS to expand its pricing and software services into Europe and South America, said OPIS CEO Brian Crotty.
OPIS said that the deal enables it to further expand its pricing and software services into Europe and South America.
As a founding member, Martin will guide and implement the firms' strategy to transform OPIS from a regional sales/marketing firm into an industry leader with a national footprint.
OPIS said it will also accelerate investment in GasBuddy's "OpenStore" software, which enables convenience stores to reach their customers with highly targeted value offerings.
The company's Clean Jet Assessment is included in the OPIS Europe Jet Fuel & Gasoil Report and provides an integrated pricing mechanism for the new ETS-ready supply contracts, with carbon and jet fuel prices consolidated into one daily assessment.
OPIS is a leading provider of news, pricing and software for buyers and sellers of petroleum products.
"Now I know if I am paying OPIS plus or OPIS minus, and I know I am getting discounted fuel," he said.
OPIS officials said the Fuel Ethanol Report was launched to meet increasing customer demand for published pricing.
The OPI also encourages adult and teen drivers to consider taking a Montana DRIVE one-day advanced driving workshop this summer.
UCG has "taken OPIS off the market," OPIS' chief executive Brian Crotty told Reuters late on Monday.
Retail fuel prices are compared against OPIS' proprietary rack prices, enabling the database to display estimated profit margin data at gas stations across the US.
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- Ophüls, Marcel
- Ophüls, Max
- opiate drug
- Opie, Iona
- Opie, Peter Mason
- Öpik-Oort cloud
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