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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]
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.
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 ...
These are the national average gas prices of the 1980s (per gallon) and how much it would have cost to fill up with a tank of gas at the time. 1980 — $1.19 ($4.54 in today’s dollars) or $17.85 ...
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.
Jet fuel is a mixture of a variety of hydrocarbons. Because the exact composition of jet fuel varies widely based on petroleum source, it is impossible to define jet fuel as a ratio of specific hydrocarbons. Jet fuel is therefore defined as a performance specification rather than a chemical compound. [1]
Most airports also have their own dedicated oil depots (usually called "fuel farms") where aviation fuel (Jet A or 100LL) is stored prior to being discharged into aircraft fuel tanks. Fuel is transported from the depot to the aircraft either by road tanker or via a hydrant system.