Omaha, NE (PRWEB) July 02, 2012
Telvent GIT, S.A., a leading real-time IT solutions and information provider for a sustainable world, announced today that a recent agreement with Oil Price Information Service (OPIS) will make highly benchmarked spot and rack pricing data from OPIS available to users of Telvent DTN’s popular fuel pricing analysis and energy trading data management solutions. This reliable information, coupled with the productivity features that make the Telvent DTN information management solutions industry leaders, will provide subscribers with complete and effective solutions for optimized fuel buying and selling decisions.
OPIS will provide Telvent DTN exclusive access to its recently launched Real-Time Racks pricing service, which continually updates OPIS low, high and average pricing benchmarks for more than 390 terminals. Telvent DTN’s fuel pricing and trading data management solutions will centralize this reliable information for users and, with powerful analytical and filtering tools, make fuel buying, selling and trading processes more efficient and decision making more agile and accurate. The agreement also has Telvent DTN providing its rack price updates, via DTN FastRacks® service, to OPIS for inclusion in the latter’s rack pricing services.
According to Telvent's Chairman and CEO, Ignacio Gonzalez, “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. OPIS customers also will benefit, with an additional software choice to access and analyze their pricing benchmarks.”
Brian Crotty, OPIS President and CEO, noted, “The additional Telvent DTN price feed will further strengthen our already exceptional OPIS rack price services.”
OPIS will continue to provide its rack price benchmarks directly to customers and through other third-party software vendors, and Telvent DTN will continue to offer its branded 24-hour fuel rack pricing service to its customers.
Telvent is a global IT solutions and business information services provider dedicated to helping improve efficiency, safety and security for the world’s leading companies. Telvent serves markets that are critical to the sustainability of the planet, including the energy, transportation, agricultural and environmental sectors. http://www.telvent.com
OPIS is a leading source for worldwide petroleum pricing and news information and has offices in Gaithersburg, MD; Wall, NJ; St. Paul, MN; Gothenburg, Sweden and Singapore. Every day, OPIS 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. http://www.opisnet.com
About Schneider Electric
As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in Utilities & Infrastructures, Industries & Machine Manufacturers, Non-residential Buildings, Data Centres & Networks and in Residential. Focused on making energy safe, reliable, efficient, productive and green, the Group’s 130,000 plus employees achieved sales of 22.4 billion euros in 2011, through an active commitment to help individuals and organizations make the most of their energy. http://www.schneider-electric.com