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What is Platts pricing?

What is Platts pricing?

Platts means a price benchmark service for the oil industry. Platts pricing plus a premium or minus a discount is the preferred pricing mechanism on this requirement.

What is Platts data?

— Platts Market Data – Petrochemicals provides the comprehensive price data you need to reduce risk when making important trading decisions or valuing positions; — Quickly and easily absorb real-time information and end-of-day data within seconds of it being published with Platts API or Platts™ Excel® Add-In.

How much is oil per barrel in Canada?

In August 2021, the average monthly price of the Canadian oil benchmark Western Canadian Select amounted to 54.47 U.S. dollars per barrel.

How oil price is calculated?

But how is the price of oil actually determined? Like every price, the price of oil is a result of the interplay between supply and demand. Plus, there is the economic environment which can lead to longer-term changes. I’ve seen the price of oil at below USD 10 per barrel, but also at almost USD 150.

How much is oil a barrel today?

The current price of WTI crude oil as of October 08, 2021 is 79.35 per barrel.

What is Platts methodology?

Platts methodologies have evolved to reflect changing market conditions through time and will continue to evolve as markets change. This process is based on full transparency and communication with industry stakeholders aimed at gaining market acceptance for any proposed introduction or changes to methodology.

What is Platts Oilgram?

S&P Global Platts Oilgram Price Report is the daily market report that covers market fundamentals, changes and factors driving prices within the crude oil and related products markets.

What is Platts software?

Powered by Eze Software Group’s RealTick EMS, Platts on the Net provides traders and other industry professionals with access to global news, data and analytics to stay on top of market trends. …

How much is a barrel of oil 2020?

In 2020, the annual average price was 41.96 U.S. dollars per barrel.

Why is the oil price dropping?

The substantial decrease in the price of oil was caused by two main factors: the 2020 Russia–Saudi Arabia oil price war and the COVID-19 pandemic, which lowered demand for oil because of lockdowns around the world.

Is the Platts Oilgram Price Report the same as the oil price report?

It delivers a vast array of S&P Global Platts international prices for crude oil and other oil related products alongside market commentary, news and analysis. — Full international coverage of the crude oil and product markets: Platts Oilgram Price Report gives you a critical overview of the market, delivered to your desk every day

How much does a liter of heating oil cost?

Heating Oil Price; 100 Liter = 0,1 m³ Heating Oil Price Per 1 m³ 327.60 USD 100 Liter ≈ 2,837 Bushel Heating Oil Price Per 1 Bushel 11.54 USD

What are the current prices of crude oil?

June 11, 2021 Daily Prices Product Area Price Percent Change* Crude Oil ($/barrel) WTI 70.34 +0.6 Crude Oil ($/barrel) Brent 71.65 +0.5 Crude Oil ($/barrel) Louisiana Light 72.39 +0.6