Wood Mackenzie Acquires OPAL

Wood Mackenzie has acquired the business operations of Oil Price Assessments Limited (OPAL), from listed specialist publisher and information services group Metal Bulletin PLC.

For almost 30 years, OPAL has provided the most accurate and reliable assessments of oil product prices and margins across European markets, building an unrivalled reputation amongst oil companies, government authorities, regulatory bodies and industry associations. The business comprises a range of well-recognized downstream industry subscription products and has circa one hundred clients in the oil and gas sector as well as financial institutions and industry associations.

Announcing the move Wood Mackenzie manager of downstream oil consulting team Andy Bradley said:

"I am very excited about the prospect of working with Peter and the rest of the OPAL team to further develop their services, which could include extending the team's coverage to new markets as well as introducing online access to the analysis. The integration of the OPAL subscription services and expertise with Wood Mackenzie's downstream reputation allows us to offer a comprehensive capability to meet the needs of our clients."

Peter Regnier formerly Managing Director at OPAL and the longstanding Principal of the business said:

"OPAL's specialist knowledge and understanding of European oil product pricing and related issues is a natural complement to Wood Mackenzie's unparalleled expertise in the international oil sector. This very welcome move secures OPAL's future and ensures its commitment to the continued provision of high quality information".