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.
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 OilFlow's first-party fraud-cluster corpus in seconds, and confirm identity documents and banking details independently before you transact.
See also
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