Platts 

For other uses, see Platts (disambiguation).
Platts
Type Division of The McGraw-Hill Companies
Headquarters , United States
Key people Warren C Platts

Platts is a provider of energy information around the world that has been in business in various forms for more than a century and is now a division of The McGraw-Hill Companies. Products include Platts Energy Economist, industry news and price benchmarks for the oil, natural gas, electricity, nuclear power, coal, petrochemical and metals markets. Platts uses bids, offers and trades to set the price for hundreds of opaque, over-the-counter physical oil and energy products every day1. Platts pricing has been the benchmark for oil trading for generations2. The president of Platts is Victoria Chu Pao.

Corporate history

In 1909 Warren Platt, with the motivation to ensure that the voice of independent oilmen could be heard, began publishing a monthly news magazine called National Petroleum News. This became weekly in 1917, during World War I, and finally daily in 1923, when Platt formed Platts Oilgram to publish the newsletter. In 1953 Warren Platt sold his petroleum reporting business to The McGraw-Hill Companies.

In 2000 McGraw-Hill merged Platts with other like assets to turn the company into a provider of energy information. It is part of the Information & Media Services group of McGraw-Hill, which also includes Businessweek & Aviation Week3

External links

References

  1. ^ "Goldman faces limits in Platts oil window-sources".
  2. ^ "Morgan Stanley withdraws from Platts oil trading".
  3. ^ "Platts History". Retrieved on May 14, 2007.