Platts

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Platts
Division
Industry Energy, Petrochemicals, Metals
Key people
Warren C Platt
Parent McGraw Hill Financial
Website http://www.platts.com

Platts is a provider of energy and metals information and a source of benchmark price assessments in the physical energy markets. Platts was founded in Cleveland, Ohio in 1909 by Warren C. Platt (1883-1963) to provide "reliable market-based price information" on the oil industry.[1]

Platts and Argus Media are recognized as two most significant Price Reporting Agencies for oil market.[2]

Overview[edit]

From an original focus on the oil industry, 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.

Parent company[edit]

Platts is a division of The McGraw-Hill Companies, Inc., (NYSEMHP), an information provider, and sister to such brands as Standard & Poor's, J.D. Power & Associates, Aviation Week & Space Technology, and McGraw-Hill Construction. Platts was acquired by McGraw-Hill in 1953.

Corporate history[edit]

In 2000 McGraw-Hill merged Platts with other like assets to turn the company into a provider of energy information. It is part of the Information and Media Services group of McGraw-Hill.[1] Ever 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.[3]

See also[edit]

References[edit]

  1. ^ a b "Platts History". Retrieved February 22, 2010. 
  2. ^ Oil Price Reporting Agencies // Report by IEA, IEF, OPEC and IOSCO to G20 Finance Ministers, October 2011: "The two most significant PRAs in the oil market, Argus and Platts"
  3. ^ "Platts Global Metal Awards". Retrieved April 29, 2015. 

External links[edit]