OPIS Announces Launch of Natural Gas Price Survey / Indices

October 31, 2016

GAITHERSBURG, MD (October 31, 2016 ) – Oil Price Information Service (OPIS), an IHS Markit company (Nasdaq: INFO), today announced a new natural gas price index that will provide the natural gas market with daily and monthly weighted average prices at a multitude of key natural gas trading hubs throughout North America.

With the launch of its Natural Gas Price Daily & Bidweek Report, OPIS adds natural gas to the growing list of commodities it covers. OPIS is one of the world's most comprehensive and reliable sources for petroleum pricing and news information. In 1980, OPIS pioneered rack price discovery for thousands of wholesalers, and now maintains the world's largest database of U.S. and international wholesale petroleum prices.

“OPIS is committed to providing complete price transparency across the entire oil supply chain. We are pleased to take this step and add natural gas index pricing to our wide array of pricing services,” said Brian Crotty, OPIS CEO.

The new survey-based natural gas price index provides prices for next-day natural gas delivered to 88 trading points throughout the continental U.S. and Canada. For each point, a weighted average price is calculated in order to establish a ‘midpoint price’. The reports will also include daily price changes, as well as highs and lows, plus a basis value relative to Henry Hub. The daily natural gas price report is published every evening for next-day gas flow, while the monthly ‘bidweek’ price survey is published on the last business day of each month.

“We are excited to offer the market an affordable and reliable natural gas price benchmark alternative to use in spot and term fuel contracts,” said Randy Rischard, President of PointLogic Energy, OPIS’s natural gas analytics division.

Please visit http://www.opisnet.com/offers/reports/ngp16002.aspx for additional details and to receive a free 10-day preview of the OPIS Natural Gas Price Daily & Bidweek Report. 

About IHS Markit (www.ihsmarkit.com)

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 85 percent of the Fortune Global 500 and the world’s leading financial institutions.  Headquartered in London, IHS Markit is committed to sustainable, profitable growth.

PointLogic Energy delivers trusted energy market fundamental data and analysis to participants in the oil and natural gas sectors. For more information on its dynamic online tools, in-depth market coverage, and trend analysis please visit www.pointlogicenergy.com.

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