Pricing & benchmarks
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.
See also