Platts is a leading global provider of energy price assessments, market analysis, and commodity information services. Part of S&P Global, Platts publishes benchmark prices for crude oil, refined products, natural gas, and other energy commodities that are widely used for contract settlements and trading references. Platts assessments serve as critical market infrastructure.

Platts methodology involves collecting market data through surveys, trade analysis, and market monitoring to determine representative commodity prices. These assessments reflect actual market conditions and trading activity. Platts prices are used globally for contract settlements, government royalty calculations, and investment analysis.

Real-world example: The Platts Dated Brent assessment serves as the primary benchmark for pricing approximately two-thirds of internationally traded crude oil, with daily assessments reflecting North Sea crude oil market conditions and influencing global energy pricing.