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Platts
S&P Global Commodity Insights is a provider of energy and commodities information and a source of benchmark price 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 Commodity Insights gradually expanded its purview to include metals, agriculture, shipping, and all energy-related markets – oil, coal, natural gas, electricity, nuclear power, petrochemicals, renewables, and emissions. Corporate history Warren C. Platt (1883–1963) started the magazine ''National Petroleum News'' in Cleveland, 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 price ...
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S&P Global
S&P Global Inc. (prior to 2016, McGraw Hill Financial, Inc., and prior to 2013, The McGraw–Hill Companies, Inc.) is an American publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financial information and analytics. It is the parent company of S&P Global Ratings, S&P Global Market Intelligence, S&P Global Mobility, S&P Global Sustainable1, and S&P Global Commodity Insights, CRISIL. It is also the majority owner of the S&P Dow Jones Indices joint venture. "S&P" is a shortening of "Standard and Poor's". Corporate history The predecessor companies of S&P Global have histories dating to 1888, when James H. McGraw purchased the ''American Journal of Railway Appliances''. He continued to add further publications, eventually establishing The ''McGraw Publishing Company'' in 1899. John A. Hill had also produced several technical and trade publications and in 1902 formed his own business, The ''Hill Publishing Company''. In ...
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Mean Of Platts Singapore
MOPS (short for the Mean of Platts Singapore) is the average of a set of Singapore-based oil product price assessments published by Platts, a global energy, petrochemicals, metals and agriculture information provider and a division of S&P Global S&P Global Inc. (prior to 2016, McGraw Hill Financial, Inc., and prior to 2013, The McGraw–Hill Companies, Inc.) is an American publicly traded corporation headquartered in Manhattan, New York City. Its primary areas of business are financia .... Overview The Platts assessment process determines the value of physical commodities 15–30 days forward for many oil products loading in Singapore. MOPS is an acronym that stands for the Mean of Platts Singapore, and typically refers to any contract mechanism that derives its value by referencing the average of a set of Singapore-based oil price assessments published by Platts. The time frame can be over a week, a month, or any agreed period of time. References Petroleum economics C ...
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Price Reporting Agency
A price reporting agency (PRA) is a privately owned publisher and information provider that reports commodity prices in physical and derivative commodity markets in order to provide an informed assessment of commodity price levels at distinct points in time. PRAs may also provide services such as news, analysis, consulting, data analytics, and conferencing. There are over 100 price reporting agencies, of which the largest are S&P Global Platts, Argus Media, OPIS (part of Dow Jones), ICIS (part of RELX), and FastMarkets. Background Price reporting agencies assess the fair price of commodities and report these values to a wider audience, who then use those assessments for information purposes or as the basis for physical or financial transactions. Most PRAs were founded by individuals who identified a need for information after encountering a lack of transparency in a commodity market with which they were intimately familiar. The first PRAs often started as mailed or faxed newssh ...
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Oil & Gas Journal
The ''Oil & Gas Journal'' is a leading petroleum industry weekly publication with a worldwide coverage. It is headquartered in Tulsa, Oklahoma, United States and the journal has a major presence in Houston, Texas, United States. The journal is published by Endeavor Business Media. Its publisher is Paul Westervelt, and editor is Bob Tippee. The first issue was published in 1902. Its online information services started in 1994. LexisNexis database describes the ''Oil & Gas Journal'' as an authoritative source on the petroleum industry aimed at engineers, oil management and executives throughout the oil and gas industry. The weekly publishes news, analysis, statistics, and technology updates on exploration, drilling, production, pipeline, transportation, refining, processing and marketing. It is a subscription trade publication. The ''Oil & Gas Journal'' has about 20,000 subscribers for the printed issue and 80,000 for digital subscriptions. The ''Oil & Gas Journal'' bega ...
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Foster Natural Gas/Oil Report
The ''Foster Natural Gas/Oil Report'', formerly known as the ''Foster Natural Gas Report'' and ''Foster Associates Report'', is a U.S.-based weekly newsletter published by Foster Associates, Inc. It was founded in Washington, D.C., on March 23, 1956, by J. Rhoades Foster and a group of economists. Its editor-in-chief is Edgar D. Boshart. The report publishes news about issues and events relevant to the regulated natural gas and oil market in North America. Topics of interest include production, marketing, transportation, distribution and end use. It reviews activities at the Federal Energy Regulatory Commission (FERC) and the National Energy Board (NEB) of Canada and well as the public hearings and rulings of state regulatory agencies. The report also covers leaders in politics, industry and regulatory entities related to the natural gas industry and public utility companies.
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Division (business)
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. Overview Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. Legal responsibility Subsidiaries are separate, distinct Commercial law, legal entities for the purposes of taxation, regulation and Legal liability, liability. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally or otherwise distinct from it. The ''Houston Chronicle'' highlighted that the creation of a division "is substantially easier than developing subsidiaries. Because a division is an internal segment of a company, not an entirely separate enti ...
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Metals
A metal () is a material that, when polished or fractured, shows a lustrous appearance, and conducts electricity and heat relatively well. These properties are all associated with having electrons available at the Fermi level, as against nonmetallic materials which do not. Metals are typically ductile (can be drawn into a wire) and malleable (can be shaped via hammering or pressing). A metal may be a chemical element such as iron; an alloy such as stainless steel; or a molecular compound such as polymeric sulfur nitride. The general science of metals is called metallurgy, a subtopic of materials science; aspects of the electronic and thermal properties are also within the scope of condensed matter physics and solid-state chemistry, it is a multidisciplinary topic. In colloquial use materials such as steel alloys are referred to as metals, while others such as polymers, wood or ceramics are nonmetallic materials. A metal conducts electricity at a temperature of absolute z ...
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CERAWeek
CERAWeek is an annual energy conference organized by the information and insights company S&P Global in Houston, Texas. The conference provides a platform for discussion on a range of energy-related topics; CERAWeek 2019 featured sessions on the world economic outlook, geopolitics, energy policy and regulation, climate change and technological innovation, among other topics. The conference features prominent speakers from energy, policy, technology, and financial industries, and is chaired by Pulitzer Prize winner Daniel Yergin, vice-chairman, IHS Markit and Jamey Rosenfield, vice chair, CERAWeek, senior vice president, IHS Markit. Both are co-founders of Cambridge Energy Research Associates. The 39th annual CERAWeek conference, scheduled for March 9 to 13, 2020, in Houston, Texas, was canceled. Speakers and Attendees CERAWeek attracts executives, government officials and thought leaders from the energy, policy, technology, and financial industries to Houston each year. In 2019, ...
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Exhaust Gas
Exhaust gas or flue gas is emitted as a result of the combustion of fuels such as natural gas, gasoline (petrol), diesel fuel, fuel oil, biodiesel blends, or coal. According to the type of engine, it is discharged into the atmosphere through an exhaust pipe, flue gas stack, or propelling nozzle. It often disperses downwind in a pattern called an ''exhaust plume''. It is a major component of motor vehicle emissions (and from stationary internal combustion engines), which can also include crankcase blow-by and evaporation of unused gasoline. Air pollution from burning fossil fuels is estimated to kill over 5 million people each year. Motor vehicle emissions are a common source of air pollution and are a major ingredient in the creation of smog in some large cities. Composition The largest part of most combustion gas is nitrogen (N2), water vapor (H2O) (except with pure-carbon fuels), and carbon dioxide (CO2) (except for fuels without carbon); these are not toxic or noxiou ...
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Renewables
Renewable energy (also called green energy) is energy made from renewable natural resources that are replenished on a human timescale. The most widely used renewable energy types are solar energy, wind power, and hydropower. Bioenergy and geothermal power are also significant in some countries. Some also consider nuclear power a renewable power source, although this is controversial, as nuclear energy requires mining uranium, a nonrenewable resource. Renewable energy installations can be large or small and are suited for both urban and rural areas. Renewable energy is often deployed together with further electrification. This has several benefits: electricity can move heat and vehicles efficiently and is clean at the point of consumption. Variable renewable energy sources are those that have a fluctuating nature, such as wind power and solar power. In contrast, ''controllable renewable energy'' sources include dammed hydroelectricity, bioenergy, or geothermal power. Renew ...
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Petrochemicals
Petrochemicals (sometimes abbreviated as petchems) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sources such as maize, palm fruit or sugar cane. The two most common petrochemical classes are olefins (including ethylene and propylene) and aromatics (including benzene, toluene and xylene isomers). Oil refineries produce olefins and aromatics by fluid catalytic cracking of petroleum fractions. Chemical plants produce olefins by steam cracking of natural gas liquids like ethane and propane. Aromatics are produced by catalytic reforming of naphtha. Olefins and aromatics are the building-blocks for a wide range of materials such as solvents, detergents, and adhesives. Olefins are the basis for polymers and oligomers used in plastics, resins, fibers, elastomers, lubricants, and gels. Global ethylene production was 190 million tonnes ...
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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 by nuclear ''fission'' of uranium and plutonium in nuclear power plants. Nuclear ''decay'' processes are used in niche applications such as radioisotope thermoelectric generators in some space probes such as ''Voyager 2''. Reactors producing controlled fusion power, ''fusion'' power have been operated since 1958 but have yet to generate net power and are not expected to be commercially available in the near future. The first nuclear power plant was built in the 1950s. The global installed nuclear capacity grew to 100GW in the late 1970s, and then expanded during the 1980s, reaching 300GW by 1990. The 1979 Three Mile Island accident in the United States and the 1986 Chernobyl disaster in the Soviet Union resulted in increased regulation and p ...
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