New products: OPIS debuts temperature correction tool

摘要

OPIS is adding “a temperature correctedrnassessment” to its portfolio of pricing data.rnThe first-of-a-kind pricing component is designedrnto help petroleum suppliers and customers navigaternswings in volume as temperatures fluctuate. Thernthird-party, independent assessment index shouldrnhelp buyers and sellers normalize prices againstrnvolumetric gains or losses due to temperaturernvariation, said Tanya Lee, director of OPIS rackrnpricing. It offers “transparency and visibility” to therntemperature correction process, said Lee.