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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]
Jet fuel is a clear to straw-colored fuel, based on either an unleaded kerosene (Jet A-1), or a naphtha–kerosene blend (Jet B). Similar to diesel fuel , it can be used in either compression ignition engines or turbine engines .
New light jet prices range from $5.75 million to $11.89 million to buy. Midsize jets: With a capacity of about five hours of travel at a time, midsize jets work well for both short and mid-range ...
Under EU law, it has been possible to tax jet fuel nationally and between Member States since 2003. [4] However, as of August 2019, the only EU country to have done so is the Netherlands, which taxed commercial jet fuel from 2005-2011 on domestic flights only. [5]
The national average price of gas per gallon was $1.19 in 1980. In July 2024, the price of gas across all fuel grades is $3.60. This might seem like a massive increase, but $1.19 in 1980 would be...
T1-M-A1 tanker: Called a small Coastal tanker, Includes the Mettawee-class gasoline tanker. Diesel powered 800 hp, 10 knots max. Diesel powered 800 hp, 10 knots max. Tonnage Deadweight: 1,600, Tonnage Full Load: 2,900, Dimensions: 221 feet long, Width 37 ft, First Navy commissioning in 1943.
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.
JPTS is a specialty fuel and is produced by only two oil refineries in the United States. As such, it has limited worldwide availability and costs over three times the per-gallon price of the Air Force's primary jet fuel, JP-8. Research is under way to find a cheaper and easier alternative involving additives to generally used jet fuels.