Department of Energy Awarded a Contract to OIL PRICE INFORMATION SERVICE, LLC for $425,255.48

Q: Where is OIL PRICE INFORMATION SERVICE, LLC located?

2099 GAITHER RD POTOMAC MARYLAND UNITED STATES

Signed on

8/15/2024, 12:00 AM

OIL PRICE INFORMATION SERVICE, LLC Government Contract #89303024PEI000112

OIL PRICE INFORMATION SERVICE, LLC was awarded a contract with the United States Government for $425,255.48. The contract was awarded by the agency office HEADQUARTERS PROCUREMENT SERVICES, which is a division with the Department of Energy within the Department of Energy.

Summary of Award

The recipient of the federal contract is Oil Price Information Service, LLC, a U.S.-owned business that operates as a periodical publisher. The contract, funded by the Department of Energy, is for purchasing access to OPIS news and data services subscription, totaling $272,032.31. Notable transactions include an initial amount of $130,159 and a subsequent transaction worth $141,873.31 for the same purpose.

Contract Details

Contract ID89303024PEI000112

Contract TypeB

Total Obligation$272,032.31

Exercised Options$272,032.31

Base Amount + Options$425,255.48

Date Signed2024-08-15

Contract DescriptionTHE U.S. ENERGY INFORMATION ADMINISTRATION (EIA), OFFICE OF ENERGY STATISTICS (OES) PROPOSES TO ENTER INTO A PURCHASE ORDER WITH NEWS CORPORATION TO PURCHASE ACCESS TO OPIS NEWS AND DATA SERVICES SUBSCRIPTION

Start Date2024-10-01

End Date2026-09-30

Agency Details

Awarding AgencyDepartment of Energy

Awarding Sub AgencyDepartment of Energy

Awarding OfficeHEADQUARTERS PROCUREMENT SERVICES

Funding AgencyDepartment of Energy

Funding Sub AgencyDepartment of Energy

Funding OfficeENERGY INFORMATION ADMINISTRATION

Recipient Details

RecipientOIL PRICE INFORMATION SERVICE, LLC

Recipient Location2099 GAITHER RD POTOMAC MARYLAND, UNITED STATES

Business CategoriesCategory Business, Limited Liability Corporation, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00001 | $141,873.31September 17, 2025

Department of Energy, a sub agency of Department of Energy, issued a payment of $141,873.31 to OIL PRICE INFORMATION SERVICE, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $130,159.00August 15, 2024

Department of Energy, a sub agency of Department of Energy, issued a payment of $130,159.00 to OIL PRICE INFORMATION SERVICE, LLC. The payment included a Subsidy Cost of $0.00.