S&P Global Commodity Insights is a provider of energy and commodities information and a source of

benchmark price Benchmark price (BP) is the price per unit of quantity in a specific segment of the international marketplace, set by the country or producers' organization that consistently exports the largest quantity or volume in a marketplace such as the Londo ...

assessments in the physical commodity markets. The business was started with the foundation in 1909 of the magazine ''National Petroleum News'' by Warren C. Platt. S&P Global Commodity Insights is recognized as one of the most significant price reporting agencies for the oil market.

Overview

From an original focus on the oil industry, S&P Global Platts gradually expanded its purview to include

metals A metal (from Greek μέταλλον ''métallon'', "mine, quarry, metal") is a material that, when freshly prepared, polished, or fractured, shows a lustrous appearance, and conducts electricity and heat relatively well. Metals are typical ...

agriculture Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people ...

, shipping, and all energy-related markets – oil,

coal Coal is a combustible black or brownish-black sedimentary rock, formed as rock strata called coal seams. Coal is mostly carbon with variable amounts of other elements, chiefly hydrogen, sulfur, oxygen, and nitrogen. Coal is formed when ...

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbon d ...

electricity Electricity is the set of physical phenomena associated with the presence and motion of matter that has a property of electric charge. Electricity is related to magnetism, both being part of the phenomenon of electromagnetism, as describe ...

nuclear power Nuclear power is the use of nuclear reactions to produce electricity. Nuclear power can be obtained from nuclear fission, nuclear decay and nuclear fusion reactions. Presently, the vast majority of electricity from nuclear power is produced b ...

, petrochemicals, renewables, and

emissions Emission may refer to: Chemical products * Emission of air pollutants, notably: **Flue gas, gas exiting to the atmosphere via a flue ** Exhaust gas, flue gas generated by fuel combustion ** Emission of greenhouse gases, which absorb and emit radi ...

. S&P Global Platts is a division of S&P Global, Inc., (), a provider of ratings, benchmarks and analytics to the global capital and commodity markets. The firm is a sister to brands such as S&P Global Ratings, S&P Global Market Intelligence and

S&P Dow Jones Indices S&P Dow Jones Indices LLC () is a joint venture between S&P Global, the CME Group, and News Corp that was announced in 2011 and later launched in 2012. It produces, maintains, licenses, and markets stock market indices as benchmarks and as th ...

. It had been part of the Commodities & Commercial group of S&P Global, however that group saw all of its assets (besides Platts) slowly sold off. It is now considered a stand-alone division of S&P Global.

History

Warren C. Platt (1883–1963) started the magazine ''National Petroleum News'' in

Cleveland Cleveland ( ), officially the City of Cleveland, is a city in the United States, U.S. U.S. state, state of Ohio and the county seat of Cuyahoga County, Ohio, Cuyahoga County. Located in the northeastern part of the state, it is situated along ...

, Ohio in 1909. He expanded the business with the publication of the newsletter called ''Platts Oilgram'' in 1923, which went on to be recognized as an influential source for petroleum prices. The companies founded by Platt that published prices and news were acquired in 1953 to become part of what was then known as McGraw-Hill group, which was later to become S&P Global. The publication activities that started with petroleum later expanded to cover energy and commodities, which were all undertaken by the division that became known as Platts. In 2000, McGraw-Hill merged Platts with other like assets to turn the company into a provider of energy information. Beginning in 2010, Platts' parent has made numerous acquisitions to significantly grow the Platts business. The acquired companies were Bentek, Eclipse Energy, Kingsman, Minerals Value Service, RigData and PIRA. An attempt to acquire OPIS in 2011 failed following market objections and Federal Trade Commission resistance. Platts' first significant acquisition came in 2001, when it acquired FT Energy. That acquisition gave it the Platts Global Energy Awards, considered one of the industry's biggest awards event, held every December in New York. Other acquisitions made by S&P Global Platts: 2010: Bentek Energy, a natural gas-focused analytics firm 2016: RigData for an undisclosed amount, Platts' first significant expansion into the upstream sector of the energy industry. (S&P Global Platts sold RigData to Drillinginfo in 2019.) 2016: Commodity Flow for an undisclosed amount. 2022: IHS Energy as part of corporate merger.

References

External links

Official websitePlatts podcasts
{{DEFAULTSORT:S and P Global Platts Petroleum economics Research and analysis firms Research and analysis firms of the United States 1953 mergers and acquisitions

Overview

History

See also

References

External links