November 10, 2017 10.07AM / Proshare Research
James Stafford of Oilprice.com (our
energy, oil & gas content partners) announced today that they have
completed an 18 month project to bring all of the different oil prices in the
world (that have never been available to the public) out into the public
space and for free.
These prices are not available anywhere
else in the world. Nor will they be (as far as we can tell).
The demand for these prices is huge, with
people paying north of $50,000 annually to access them – but up until now,
no-one has been able to distribute them, or gathered this many of them in one
The mindset is similar to what proshare
did and is doing for market data needed for growth and development, by ensuring
more stakeholders have access to quality data for more informed and intelligent
decision making and conversations.
OilPrice worked with brokers, trading
houses, oil marketing companies, majors, etc.. and finally now have the largest
free database of daily updated oil prices in the world.
This project has been an absolute
nightmare as a small number of data providers have dominated the distribution
of this information for decades and have made it impossible to obtain this
information without paying extortionate fees (and for who Oilprice will be
rather unpopular with now).
Here is a sample of what
OilPtrice has available:
OPEC and Middle East Blends – such as: All Iranian
blends, Bonny light, Kuwait, Dubai, Middle East Sour, Iraq blends
- Almost all US and Canadian blends (hundreds of blends)
- All Mexican blends & other Latin American blends
- charts, historical data for all blends and comparison
tables + more
They realized very on that oil prices
aren’t hugely exciting to most people, but given that people have never been
able to see this data before, it should be a new experience for all those
engaged in the Oil sector, research analysts, academics, policy makers and our
esteemed readers who are looking for a little more depth in the oil markets to
consider this a really helpful resource.
There is a lot more to the oil markets
than just WTI and Brent and now people can finally see that.