26 August, 2025 – London – In a strategic move set to reshape the energy pricing landscape, General Index (GX) — the global frontrunner in real-time market data and pricing benchmarks — has announced an expanded partnership with Oil Brokerage (OB), one of the industry’s most trusted energy market intermediaries. This deepened collaboration brings broader access to OB’s proprietary data, enabling GX to launch a suite of new, high-precision energy price indexes across key sectors of the global energy market.
Enhancing Energy Market Intelligence
The strengthened alliance between GX and OB significantly widens the scope of market data available to participants worldwide. The newly integrated datasets will span an extensive range of products, including:
- Liquefied Petroleum Gas (LPG – Propane and Butane)
- Crude Oil
- Biofuels
- Natural Gas and LNG
- Fuel Oil
- Light and Middle Distillates
- Light Ends
These additions bolster GX’s mission to provide greater price transparency, market integrity, and actionable intelligence to the global energy trading community — from upstream producers and refiners to bunkering operators and energy transition stakeholders.
“Our partnership with Oil Brokerage has already proven the value of combining their trusted market data with our technology-driven benchmark methodology,” said Neil Bradford, CEO of General Index. “Expanding the scope of this partnership to include a wider set of energy products allows us to serve our clients with an even more complete view of the markets, enhancing both transparency and precision.”
Oil Brokerage: A Legacy of Market Expertise
Founded in 1989 and headquartered in London, Oil Brokerage Ltd is renowned for its deep market relationships and expertise in both physical and derivative energy markets. The firm plays a critical role in broking physical gasoline, gasoline components, gasoline swaps, naphtha, fuel oil, LPG, and bio-diesel. Its operational reach includes North West Europe, the Mediterranean, West Africa, the Arabian Gulf, and the United States.
Over the years, OB has continuously expanded its service offering, adding gasoline swaps in 2006, bio-diesel broking in 2007, and departments dedicated to naphtha, fuel oil, and LPG in the following years. Its experienced team of brokers and administrative specialists have earned OB a reputation for excellence and reliability in the complex world of energy trading.
“We’re delighted to strengthen our relationship with General Index,” said James McNicol, Managing Director of Oil Brokerage. “By expanding the breadth of our data provided to GX, we’re enabling the creation of innovative benchmarks that better serve the needs of the global energy community.”
Data-Driven Benchmarks for a Complex Energy Future
General Index’s pricing methodology is entirely technology-driven, utilizing thousands of data points gathered from over 200+ market partners daily. Its benchmarks are designed to meet the highest standards of compliance and transparency, aligned with IOSCO and FCA guidelines.
The company currently delivers over 4,000 daily prices across a spectrum of energy commodities, including crude oil, refined products, marine fuels, LPG, and emerging energy transition assets. GX’s client base includes industry leaders such as BP, ExxonMobil, TotalEnergies, Oxy, BASF, Rio Tinto, Wood Mackenzie, and Saudi Aramco — a testament to its global reach and credibility.
Impact for the Bunkering and Broader Energy Sector
For stakeholders in the bunkering, shipping, and downstream sectors, the expanded GX-OB partnership is particularly timely. As energy markets evolve and regulatory demands increase, the need for robust, reliable, and timely price discovery mechanisms has never been greater.
The integration of OB’s extensive data with GX’s next-generation technology stack promises to enhance market visibility and support smarter, faster trading and risk management decisions for all participants — from marine fuel suppliers to integrated oil majors.
About Oil Brokerage Ltd
Established in 1989, Oil Brokerage is a leading energy broking firm specializing in physical and derivative markets across gasoline, fuel oil, LPG, naphtha, and biofuels. With global reach and deep market connections, OB plays a vital role in facilitating energy trades across continents.
About General Index
General Index is the energy industry’s first technology-led provider of market data and price benchmarks. Delivering high-frequency, algorithmically driven daily price assessments, GX is committed to a fully transparent and customer-centric approach, underpinned by compliance with international regulatory standards.
Source General Index Limited