Platts

What is Platts?

In the context of oil derivatives, “Platts” typically refers to Platts oil price assessments.

Platts is a leading provider of energy and commodities information, and their oil price assessments are widely used as benchmarks in the global energy markets. These assessments serve as reference prices for various types of crude oil, refined products, and other energy commodities.

There are different types of Platts price assessments, including: Brent Crude:

This is a major benchmark for crude oil prices worldwide. Brent crude is extracted from the North Sea and is used as a reference for pricing many other crude oils. West Texas Intermediate (WTI): Another major benchmark, WTI crude oil is produced in the United States and is particularly important for pricing oil in the Americas.

Dubai Crude: This is a benchmark for crude oil prices in the Middle East and Asia. Dubai crude is used as a pricing reference for many crude oil exports from the region.

Gasoline and Diesel

Platts also provides price assessments for gasoline and diesel fuel, which are important benchmarks for pricing refined petroleum products.

Jet Fuel: Platts assesses prices for jet fuel, which is used as aviation fuel. These assessments are crucial for airlines and other users of aviation fuel. Fuel Oil: Platts provides price assessments for various grades of fuel oil, which is used as a fuel for ships and in power generation.

These are just a few examples of the types of Platts price assessments available for oil derivatives. The prices published by Platts are widely used by traders, refiners, producers, and other participants in the oil market to negotiate contracts, settle trades, and make investment decisions.

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