S&P Global Platts Launches Oil Fundamental Data APIs to Digitize Commodity Markets

  • Commodity Oil

New APIs Offer Customers Delivery Choice to Discover, Access or Trial Leading Commodity Intelligence

LONDON (August 3, 2020) - S&P Global Platts ("Platts"), the leading independent provider of information and benchmark prices for the commodities and energy markets, today unveiled oil fundamental content from S&P Global Platts Analytics on the redesigned S&P Global Platts Developer Portal. The Platts Developer Portal gives customers instant access to datasets of commodity markets, commodity fundamentals and analytics at the speed the market moves.

Silvina Aldeco-Martinez, Chief Product Officer, S&P Global Platts: "Recent unprecedented events have challenged traditional ways of doing business, with oil markets particularly hard hit, which is why oil fundamental datasets from S&P Global Platts Analytics are at the beginning of our new API path. This is the first step in a multi-year effort to provide all Platts Analytics fundamental commodity insights and data via machine consumption directly into our customers' backend systems, quantitative models, and/or data-lake build outs, as we seek to help them interpret trends from vast amounts of data quickly and accurately."

Stan Guzik, Chief Technology Officer, S&P Global Platts: "Covid-19 isn't the only market-dislocation event highlighting the need for companies and market participants to react swiftly and smartly to rapid changes in conditions. Ongoing digitization, availability of big data and artificial intelligence are disrupting traditional operating models. Our newly redesigned Platts Developer Portal presents Data Engineers and Data Scientists with an exciting new pathway to activate the power of data, through the ability to instantly and easily embed S&P Global Platts enriched data and insight directly into native systems and proprietary data models."

The S&P Global Platts Analytics oil fundamental content forming the new API offering include the World Refinery Database (WRD) and the Platts Oil Inventory. These enhance S&P Global Platts' extensive API and data-feed offerings, and are available in the commodity-specific S&P Global Platts Developer Portal and in the broader S&P Global Marketplace (https://www.marketplace.spglobal.com/).

The Platts Developer Portal is a key component of S&P Global Platts vision to help power the commodity markets of the future by enhancing the experience delivered to customers though its use of digital technologies and a mindset that enables market participants to address their challenges and make decisions with conviction. It follows the launch of the Platts Platform in February and the Platts iOS/Android apps earlier this year.

For more information, please visit S&P Global Platts Developer Portalor contact: support@platts.com.

Editor's Note

Platts World Refinery API

Platts World Refinery Database provides a comprehensive view of the entire downstream value chain, from crude inputs to detailed product outputs. It provides access to outage, capacity, runs and yields data for crude and refined products. It allows integration with proprietary models and visualization tools and is digitally transformative with its timely, dynamic insights. Coverage includes:

  • Historic and forward-looking ownership and capacity data that enables detailed company level mapping for refineries worldwide
  • Company, regional and national production, with robust yield data by refinery - aggregated to chosen level of detail
  • Planned and unplanned outage data for a comprehensive picture of turnaround and downtime

Platts Oil Inventory API

Platts Oil Inventory Data is a comprehensive inventory database, covering detailed crude oil and refined petroleum products inventories and tank capacities data, both recent and historical with a focus on the US and China. Coverage includes highly sought-after fundamentals, including:

  • US crude oil and refined products inventories and exports
  • US crude oil and refined products imports
  • China crude oil and refined products inventories and storage capacities
  • Global oil terminal storage capacities

S&P Global Platts Media Contact update

Americas: Kathleen Tanzy, +1 917 331 4607, kathleen.tanzy@spglobal.com
Asia: Melissa Tan, +65-6597-6241, melissa.tan@spglobal.com
EMEA: Alex Brog, +44 20 7176 7645, alex.brog@spglobal.com and Russ Gerry, +44 207 176 3569, russell.gerry@spglobal.com

About S&P Global Platts

At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We're the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping.

S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit https://www.spglobal.com/platts/en

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  • Commodity
  • Oil