Telvent Adds OPIS Price Benchmarks to Its DTN Software

FORT COLLINS, Colo. -- Telvent GIT SA inked an agreement with Oil Price Information Service (OPIS) that will make highly benchmarked spot and rack pricing data from OPIS available to users of Telvent's DTN fuel pricing analysis and energy trading data management solutions.

According to Telvent, the agreement provides subscribers with "complete and effective solutions for optimized fuel buying and selling decisions."

More specifically, OPIS will provide Telvent DTN subscribers with exclusive access to its recently launched Real-Time Racks pricing service that updates OPIS, low, high and average pricing benchmarks for more than 390 terminals, Telvent said.

"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," said Ignacio Gonzalez, Telvent's chairman and CEO. "OPIS customer will also benefit, with an additional software choice to access and analyze their pricing benchmarks."

Brian Crotty, OPIS' president and CEO, added that the deal will further strengthen his company's "exceptional OPIS rack price services."

Telvent is a global IT solutions and business information services provider that manufacturers software intended to help improve efficiency, safety and security of top companies.

OPIS is a source for worldwide petroleum pricing and 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.