S&P Global Energy Platts

Platts follows a documented, rule‑based publicly disclosed methodology, allowing market participants to see exactly how prices are derived.

Platts prices are widely accepted as benchmark references across oil, gas, power, petrochemicals, metals and other commodities. This reduces disputes over pricing.

A single, consistent methodology is applied across regions and product grades, enabling apples‑to‑apples comparisons and simplifying contract negotiations.

Platts assessments are subject to third‑party audits and governance committees, providing confidence that the process is fair and free from manipulation.

Platts maintains a network of price‑reporting points (PRPs) and market participants in virtually every major commodity market, delivering truly global price benchmarks.

Frequent (often daily) assessments reflect current market conditions, helping traders and producers make timely decisions.

Using a recognized benchmark simplifies hedging, derivative pricing, and the calculation of exposure for both buyers and sellers.

Many regulators and accounting standards (e.g., IFRS 13, US GAAP) accept Platts benchmarks as “observable inputs” for fair‑value measurements.

Standardised pricing reduces the need for bespoke price negotiations, cutting transaction costs and shortening contract cycles.

Platts provides structured data feeds (e.g., APIs, CSV) that integrate easily with treasury, risk‑management and ERP systems.