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The Platts assessment process determines the value of physical commodities 15–30 days forward for many oil products loading in Singapore. [1]MOPS is an acronym that stands for the Mean of Platts Singapore, and typically refers to any contract mechanism that derives its value by referencing the average of a set of Singapore-based oil price assessments published by Platts.
In 2016, when McGraw-Hill changed its name to S&P Global, the Platts division was renamed S&P Global Platts. Platts' first significant acquisition came in 2001, when it acquired FT Energy. [7] That acquisition gave it the Platts Global Energy Awards, considered one of the industry's biggest awards event, held every December in New York. [8]
Tapis crude is a Malaysian crude oil used as a pricing benchmark in Singapore. Tapis is very light, with an API gravity of 43°-45°, and very sweet , with only about 0.04% sulfur. [ 1 ] [ 2 ] While it is not traded on a market like Brent Crude or West Texas Intermediate (WTI), it is often used as an oil marker or price referencing indicator ...
Ships with scrubbers can continue to use cheaper 3.5% sulfur high-sulfur fuel oil (HSFO). On Nov. 1, S&P Global Platts unveiled parallel dry bulk indices measuring rates that allow for comparisons ...
Oil Price Information Service (OPIS) is a price reporting agency which provides information that is used for commercial contracts and trade settlement related to petroleum, gasoline, diesel, ethanol, biodiesel, LP-gas, jet fuel, crude, natural gas, petrochemicals, recycled plastics, refinery feedstocks, residual fuel, and kerosene.
[3] [6] [7] In 1979, Argus became the first reporting agency to quote crude oil prices [8] and published the first ever daily crude market wire. [9] In 2011, Argus bought FMB Consultants Ltd (FMB) - a price reporting agency for international fertilizer markets. [10] [11] FMB was founded in 1982 and focused on nitrogen, phosphate, sulphur ...
An oil spill caused by a dredger boat hitting a stationary cargo tanker has blackened part of Singapore’s southern coastline, including the popular resort island of Sentosa, and sparked concerns ...
Natural gas prices 2000 - May 23, 2022 Comparison of natural gas prices in Japan, United Kingdom, and United States, 2007-2011 Natural gas prices at the Henry Hub in US Dollars per million Btu for the 2000-2010 decade. Price per million BTU of oil and natural gas in the US, 1998-2015