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Pricing & benchmarksplatts

Platts

Price reporting agency (PRA) — S&P Global Platts assesses physical oil prices globally.

Platts (S&P Global Platts) is the most widely used price reporting agency (PRA) in physical oil. Its daily assessments become the basis for most pricing formulas — "Platts Dated Brent average of the month of Bill of Lading +/- X".

Competitors include Argus Media and ICIS. Most LCs reference "Platts" explicitly.

Related: Brent, MOPS.

Frequently asked

What does Platts mean in oil and commodity trading?
Price reporting agency (PRA) — S&P Global Platts assesses physical oil prices globally.
How do I check a counterparty that uses Platts in a deal?
The term itself is not enough to clear or condemn a deal. What matters is the counterparty behind the pitch. Screen that name for free against 8 sanctions lists plus PEP and OilFlow's first-party cluster corpus in seconds, or order the full 7-step dossier for $25, and confirm identity documents and banking details independently before you transact.

See also

brentmops

Seen this term in a live pitch?

These terms show up in real deal pitches — some legitimate, some not. OilFlow screens the counterparty behind the pitch against 8 sanctions lists + PEP and a first-party-investigated fraud-cluster corpus, with a clearance verdict in under 30 seconds.