Formerly called Platts Founder Warren C. Platt Parent organization S&P Global | Type Division Founded 1909 | |
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Industry Energy, Commodities, Oil & Gas, Petrochemicals, Metals, Agriculture Headquarters London, The United Kingdom Key people Imogen Dillon Hatcher – president Services Commodities & Energy Information and Analytics Subsidiaries Petromedia Ltd, Steel Business Briefing Limited | ||
S&P Global Platts is a provider of energy and commodities information and a source of benchmark price assessments in the physical energy markets. The business was started with the foundation in 1909 of the magazine National Petroleum News by Warren C. Platt.
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S&P Global Platts and Argus Media are recognized as the two 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, shipping, and all energy-related markets – oil, coal, natural gas, electricity, nuclear power, petrochemicals, renewables, and emissions. S&P Global Platts is a division of S&P Global, Inc., (NYSE: SPGI), a provider of ratings, benchmarks and analytics to the global capital and commodity markets. The firm is sister to brands like S&P Global Ratings, S&P Global Market Intelligence and S&P Dow Jones Indices, and is part of S&P Global's commodity information and analytics group.
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 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.
Since 2013, the company has held an annual Platts Global Metals Awards, modeled on the Platts Global Energy Awards. In 2015, these were held in London.