S&P Global Commodity Insights
| Company type | Division |
|---|---|
| Industry | Commodity market data and price reporting |
| Predecessor | National Petroleum News, Platts Oilgram |
| Founded | 1909 |
| Founder | Warren C. Platt |
| Headquarters | London , United Kingdom |
| Products | Data and benchmark pricing evaluations for physical commodity markets including energy, metals, agricultural products, shipping, and emissions trading |
| Parent | S&P Global |
S&P Global Commodity Insights delivers comprehensive data and benchmark pricing evaluations for physical commodity markets, specializing in energy and raw materials. Established in 1909 by Warren C. Platt through the launch of the publication National Petroleum News, it has grown to be a premier price reporting authority within the oil sector.
Overview
While its initial concentration was on the oil industry, S&P Global Commodity Insights has broadened its scope to encompass metals, agricultural products, shipping, and a full spectrum of energy markets. These include coal, natural gas, electricity, nuclear energy, petrochemicals, renewable resources, and emissions trading.
Corporate history
Warren C. Platt (1883–1963) founded National Petroleum News in Cleveland in 1909 and subsequently introduced the influential newsletter Platts Oilgram in 1923. In 1953, McGraw-Hill acquired these publishing properties and later transformed into what is now known as S&P Global. The business unit called Platts evolved from focusing solely on petroleum to covering a wider range of energy and commodity sectors.
In 2000, McGraw-Hill consolidated Platts with other holdings to form a comprehensive energy information provider. Following McGraw-Hill’s rebranding to S&P Global in 2016, the division adopted the name S&P Global Platts.
The expansion of Platts through acquisitions began in 2001 with FT Energy and included the establishment of the Platts Global Energy Awards, a significant annual industry event hosted in New York. From 2010 onward, S&P Global enhanced Platts’ portfolio by acquiring Bentek Energy (specializing in natural gas analytics), Eclipse Energy, Kingsman, Minerals Value Service, RigData (purchased in 2016 and divested in 2019), Commodity Flow (2016), and PIRA. A regulatory challenge prevented a proposed acquisition of OPIS in 2011.
Following the 2022 merger with IHS Markit, S&P Global unified S&P Global Platts and IHS Markit ENR under the new name S&P Global Commodity Insights, discontinuing the Platts brand except for its continued use in the Platts Global Energy Awards. The combined organization also retained prominent IHS brands such as CERAWeek.
See also
- Foster Natural Gas/Oil Report
- Mean of Platts Singapore
- Oil & Gas Journal
- Cambridge Energy Research Associates