Platts assessments are designed to reflect repeatable market value at the close of the assessment process.
What is a Platts price?
Platts means a price benchmark service for the oil industry. Platts pricing plus a premium or minus a discount is the preferred pricing mechanism on this requirement.
What is price assessment?
Price assessment is the determination of the prevailing market price for a crude oil or refined product at a point in time. Price assessment is performed by a number of price assessment agencies. The most important being: Platts – Assesses prices for spot trades of most major crude and product grades around the world.
What is Platts window?
Platts EDITORIAL WINDOW (eWINDOW)® is a data-entry and online communications tool that provides market participants with a transparent, at-a-glance view of price assessments in the physical spot and derivatives markets. Platts eWindow is used by more than 460 companies, covering 50 markets worldwide.
What are Platts and Argus?
Platts – Assesses prices for spot trades of most major crude and product grades around the world. Argus – Assesses prices for spot trades of most major crude and product grades around the world. OPIS – primarily assesses prices for rack (wholesale) and retail product markets.
What is the Platt price for d2 today?
US$ 2.328/Gallon.
Is there a commodity price benchmark?
The term benchmark pricing is widely associated with commodity markets, open to the public and widely used as a reference in negotiating prices. Price benchmarking is also leveraged in products markets for comparison of a major competitor, and in the case of market intelligence where public pricing is not available.
What is a price reporting agency?
Price reporting agency (PRA) • A company that specialises in independently identifying the market valuation of a commodity, as priced in the over-the-counter spot market where visibility and transparency are often more problematic.
Is Platts an exchange?
S&P Global Platts (“Platts”), the leading independent provider of information and benchmark prices for the commodities and energy markets, and Intercontinental Exchange (ICE), a leading operator of global exchanges and clearing houses, today announced they have entered into a strategic agreement to strengthen North …
What are the new Platts LNG price assessments?
S&P Global Platts has launched three new daily LNG price assessments relating to carbon neutral LNG (CNL), namely the cost to offset the combustion leg of a CNL trade in North Asia, a CNL well-to-wheel assessment and a CNL well-to-flange DES assessment, effective Aug. 16, 2021.
Why is LNG shipping so expensive?
The reasons include the high cost of LNG shipping relative to the delivered price of the cargo, high volatility of LNG freight, as observed over Q418, for example, and the seasonality in spot pricing. What are the LNG shipping and ballast rate assessments?
What is Platts JKM™?
— Platts JKM™, our price benchmark which is increasingly used for both spot trades in and outside Asia, and term LNG contracts and tenders worldwide — Information on new LNG supply projects, and reports on development/construction of new liquefaction projects and plants
How many spot LNG trades were made in 2018?
LNG spot transactions, where trades are concluded for delivery in the next three months from the transaction date, totalled over 1400 in 2018, or more than 25% of global trade volumes, according to a recent LNG industry report.
