Platts’ physical market price assessments for global crude oil and petroleum products have been selected as the basis for clearing 12 new futures contracts launched today by the IntercontinentalExchange (ICE), a global operator of derivatives markets and clearing houses. Platts is a leading global energy, petrochemicals and metals information provider and a top publisher of global benchmark price references.
“We’re pleased that the futures industry values Platts as an independent price reporting organization and the transparency we bring to price discovery in the physical markets,” said Gerald Bueshel, Platts director of global licensing.
This brings the total number of ICE contracts settled on physical market price assessments published by Platts to 235. For more information on ICE’s new Platts-based energy contracts click here.
The Platts price assessments, licensed by ICE, appear in such Platts publications as Asia-Pacific/Arab Gulf Marketscan, Crude Oil Marketwire and European Marketscan, among others. Platts price assessment processes are underpinned by robust, clearly defined methodologies and specifications.
In addition to the above mentioned price assessments, Platts’ markets coverage includes supply/demand fundamentals, news and other information across the full spectrum of energy and metals commodities, as well as agriculture commodities relating to biofuels and sugar.
*Platts does not sponsor, endorse, promote or sell ICE contracts.
