Platts
Penn Plaza , New York, United States | Energy
Platts is a leading global provider of energy, petrochemicals, metals and agriculture information, and a premier source of benchmark price assessments for those commodity markets. Since 1909, Platts has provided information and insights that help customers make sound trading and business decisions and enable the markets to perform with greater transparency and efficiency.
purview
From an original focus on petroleum, Platts gradually expanded its purview to cover petrochemicals, metals, shipping and other energy-related commodities such as natural gas, electric power, coal, LNG, nuclear and biofuels. Recognized for decades as the world’s leading energy information company, Platts moved into leadership positions in steel and sugar information through acquisitions made in 2011 and 2012, respectively.
Global Network
Platts employs a staff of more than 1,000, and maintains a network of correspondents spanning the globe. It has offices in more than 15 key cities, including global business centers such as New York, Shanghai and Sao Paulo, and major energy centers such as Houston, Singapore and London, where Platts is based.
Products & Services
Platts publishes news, commentary, fundamental market data and analysis, and thousands of daily price assessments that are widely used as benchmarks in the physical and futures markets. Products and services include real-time news and price information; market reports and analytics; end-of-day market data; geospatial data and maps; conferences; and a weekly television program broadcast in the U.S. and online.
In addition, Platts serves customers through three business units that operate under their own well-established brand names: The Steel Index (TSI), a price information specialist which compiles indexes through the collection of transaction data from industry participants; Bentek Energy®, a specialist in fundamental market data analysis for the North American energy and global liquefied natural gas (LNG) markets; and Eclipse Energy Group, a specialist in European energy and global LNG data and analysis.
Clients
Traders, analysts, risk managers, purchasing agents and other professionals at more than 10,000 public and private sector organizations in over 180 countries benefit from Platts’ services. These organizations range from exploration companies, miners and refiners to end-users such as utilities, airlines, steel companies and auto manufacturers. They also include government agencies, financial institutions and professional service firms in law, engineering, consulting and asset management.
Market Engagement
In its day-to-day activities, Platts regularly engages with customers, market participants, industry organizations and regulators through forums, training sessions and one-on-one meetings. In addition, Platts annually hosts high-profile industry events to announce its Top 250 Global Energy Companies Rankings™ and the winners of the Platts Global Metals Awards and Platts Global Energy Awards, which are widely recognized as the “Oscars” of the energy industry.
Parent Company
Platts is a division of McGraw Hill Financial (NYSE: MHFI), a leader in credit ratings, benchmarks and analytics for the global capital and commodity markets. McGraw Hill Financial’s other well-known brands include Standard & Poor's Ratings Services, S&P Capital IQ, S&P Dow Jones Indices, CRISIL, J.D. Power and McGraw Hill Construction.
A business of McGraw Hill since 1953, Platts shares its parent company’s long-standing tradition of journalistic independence and integrity, and its steadfast commitment to providing the markets with the highest quality, timely and insightful information.
In 1909, at the age of 25, Cleveland, Ohio journalist Warren Cumming Platt, started his own publishing venture, a monthly news magazine National Petroleum News. His intent was to level the information playing field between independent oilmen and Big Oil by promoting transparency within the oil industry. By publishing reliable market-based price information, Platt not only shed light on a once opaque marketplace, but inspired greater market efficiency and competition.
In 1923, Platt published its first, of many, daily market reports, Platts Oilgram, to meet the need for more frequent updates on price movements and market developments. A century after its birth, the Platt publishing venture later known as “Platts” and acquired in 1953 by New York-based The McGraw-Hill Companies, provides real-time information services and more than 60 publications covering not only oil, but a dozen sectors of the energy and metals industries, and is known and relied upon by market participants and observers the world over..
Company Details | |
---|---|
Company Name | Platts |
Business Category | Energy |
Address | Penn Plaza New York United States ZIP: NY 10121 |
President | NA |
Year Established | 1909 |
Employees | 5000 |
Memberships | NA |
Hours of Operation | NA |
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