S&P Global Platts

S&P Global Platts

S&P Global Platts is the leading independent provider of information, benchmark prices and analytics for the energy and commodities markets. For over 100 years, we’ve brought clarity and transparency to the energy and commodities markets, enabling companies, governments and individuals to act with conviction.

Company details

20 Canada Square, Canary Wharf, , London , E14 5LH E14 5LH United Kingdom

More Office Locations Locations Served

Business Type:
Publishing company
Industry Type:
Energy - Conventional Energy
Market Focus:
Globally (various continents)
Year Founded:
1909
Employees:
101-1000

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..

We know that data is key to decision making, but information alone isn’t informative: it can be interpreted in many ways and inform drastically different decisions. The knowledge and experience of our people makes the difference, offering insight that helps customers in 190 countries to interpret fluctuations, uncover new commercial opportunities and gain a competitive edge.

A division of S&P Global, S&P Global Platts is headquartered in London and employs over 1,000 people in more than 19 offices worldwide located in global business and energy centers on five continents. We employ only the best in the market, and each member of our team is committed to providing an unbiased perspective to help our customers monitor market movements, value commodities, recognize opportunities, mitigate risk, and plan with greater confidence.

Our Coverage

From an original focus on petroleum, we now cover oil, natural gas, LNG, power, coal, shipping, petrochemicals, metals, and agriculture. Each day we publish 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.

Our Products and Services

The markets are constantly changing, but our real-time news, market reports, analysis, price assessments and fundamental data always provide a valuable reference point. We’re constantly investing in our products and services, and following a series of key acquisitions, including Bentek, Eclipse, RigData and PIRA, we’ve strengthened our Analytics team. We’ve enhanced our forecasts, data sets and tools, and now provide the most robust analytics offering available to ensure our customers can maximize value in their chosen markets.

Our Customers

Traders, analysts, risk managers, purchasing agents and other professionals at more than 12,000 public and private sector organizations in over 190 countries benefit from S&P Global 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

We engage with customers, market participants, industry organizations and regulators every day through forums, training sessions and one-on-one meetings. We actively consult to develop methodologies that meet the markets’ needs, and ensure that the IOSCO principles are central to our approach. Each year we host high-profile industry events, such as the prestigious S&P Global Platts Global Energy Awards, to celebrate success and provide a platform for our customers to exchange ideas and make valuable connections.

Our Part of a Wider Business

S&P Global Platts is a division of S&P Global, the world’s foremost provider of ratings, benchmarks and analytics in the global capital and commodity markets. Our other divisions include:

  • S&P Global Ratings, which provides credit ratings, research and insights essential to driving growth and transparency.
  • S&P Global Market Intelligence, which provides insights into companies, markets and data so that business and financial decisions can be made with conviction.
  • S&P Dow Jones Indices, the world’s largest resource for iconic and innovative indices, which helps investors pinpoint global opportunities.

S&P Global has a proud 150+ year heritage as a trusted source of information to the business community - bringing transparency and cutting edge research and analytics to markets worldwide. Integrity, excellence, and relevance remain at the center of everything we do.

Corporate Responsibility

Corporate Responsibility is more than philanthropy—it’s making a real difference by finding the essential connections between our skills and the needs of society.

At S&P Global Platts, we develop and deliver essential intelligence. Data and analytics meet strategic insight, in-depth research and trusted benchmarks, so that companies, governments, and individuals can make decisions with conviction.

The same drive for relevance shapes our approach to Corporate Responsibility - we take an active role; making sure the work we do has a genuine impact on the communities in which we live. We focus our efforts in three areas where our skills can make a real difference: Elevate People, Promote Sustainability, and Support Women Entrepreneurs.

ELEVATE PEOPLE

Competition is fierce in today’s job market, but millions of jobs in science, technology, engineering, and mathematics (STEM) are going unfilled. This creates global challenges for both the workforce and employers like us: in order to fix the STEM job gap, we need to help people develop essential skill

PROMOTE SUSTAINABILITY

We’re always thinking about how we can reduce our own environmental impact, but supporting worldwide sustainability is also an essential business imperative at Platts. Our essential intelligence powers thriving global communities by providing information on energy, petrochemicals, metals and agriculture as well as specialized products on carbon, biofuel and renewable energy markets.

Companies and shareholders want to invest in sustainable businesses; we want to help by offering clients the independent data, analytics and benchmarks that deliver insights and transparency. Our expanding suite of ESG (environmental and social governance) products and services, help people identify how they can invest in ways that support global, long-term change across a wide range of industries and markets.

SUPPORT WOMEN ENTREPRENEURS

When women are in business, economies grow. At Platts, we tackle the challenges women face in launching and developing their businesses - from gender bias to systemic lack of access to capital - with the same skills and insights that make us effective in delivering essential intelligence to our clients.

WELLCHILD

Corporate responsibility is integral to how we live our values of integrity, excellence and relevance. It’s how we use our skills and capabilities to make meaningful change. Across the globe, Platts seeks opportunities to assist non-profit organizations and support its employees’ commitment to giving back to their communities. Employees are teaming up to make an impact for worthy causes. Their efforts range from benefit dinners to a number of volunteer programmes.

Since 2003, Platts has been the title sponsor of the annual Energy Dinner in London in support of the UK’s national WellChild charity. The money raised goes towards WellChild’s Children’s Nurses programme, which gives seriously ill children the best possible chance to thrive, by allowing youngsters to be cared for at home with their families, rather than spending long periods of time in the hospital. This annual event is attended by 400+ energy traders, brokers, lawyers and bankers, and carries a new theme each year, with 2017’s theme being ‘Speak Easy’. The event has raised almost £2m in the last 14 years.

Employees in London visited a local charity, City Gateway, to take part in a business-oriented activity with young adults. Twenty 16-25 year olds pitched their ideas to the group on how to revive an ailing fictional business. The young adults and S&P global volunteers broke into two groups to compete head on for a fictitious consultancy contract, giving the attendees a taste of business consultancy.

Volunteerism

The time and effort undertaken by Platts employees worldwide exemplifies the spirit of community volunteerism that is common to all offices. Our most recent activities in 2017 vary from revitalizing local areas, to providing skills-based support to those across our communities.

Platts employees in Houston helped the Buffalo Bayou Partnership’s Field Operations team clean up the Lost Lake area of Buffalo Bayou Park, a 160-acre park in the heart of the city.

The Houston Center for Literacy is a non-profit group devoted to boosting the citys low-literacy rates by tutoring adults enrolled in General Education Development (GED) and English as a Second Language (ESL) classes. Groups of Houston Platts employees volunteered at the center, working with the students to improve their language skills, as well as assisting them in preparing for their upcoming exams.

Nearly 20 employees from Platts Houston office volunteered at the Houston Food Bank. HFB provides 79 million nutritious meals to food pantries, soup kitchens, senior centers and other agencies, feeding 800,000 people each year.

Platts Denver volunteers ran an inaugural skills-based volunteer project, working with a local non-profit group, Open World Learning (OWL) to help them analyze their program data and create meaningful metrics and visualizations for their website.

In 2015, London-based Platts employees partnered with the Wellchild charity, as part of their Helping Hands unique home improvement programme, and volunteers from the London office transformed the garden of a local four year old boy called Orphe, who has Cerebral Palsy. In two days our volunteers worked very hard to create a play area suitable for the family’s needs, which was safe and allowed Orphe to enjoy the outdoors. This project made a real difference to a boy and his family whilst those that were involved said they took a lot from the experience as well.