Energy and metals information provider Platts, a division of The McGraw-Hill Companies, Inc., US, has announced that it has significantly expanded its suite of European forward-dated price assessments for crude oil and refined products, adding more than 1,100 new data points to more than 40 forward curves.
Platts now publishes assessments for a total of 36 months, 12 calendar quarters and three calendar years forward for certain refined products swaps, and a total of 24 months, eight calendar quarters and two calendar years forward for many others. Prior to this, Platts' price assessments for refined products forward curves were limited to six months forward.
The full Platts Forward Curve (PFC)-Oil series, encompassing Asian, European and U.S. oil markets, now includes more than 2,300 data points. Companies with exposure to commodity prices typically utilise forward price curves as references for valuing contractual assets and liabilities, measuring profit and loss resulting from changes in market prices and making better informed risk management decisions.
Through its risk management data services, Platts provides clients with a full and independent view of forward price assessments for natural gas, power, oil, and coal in regions around the world. In addition to more than 200 forward curve price assessments, Platts publishes more than 9,500 benchmark price assessments, references, and indexes in energy, petrochemicals, and metals on a daily basis.
Platts announced its expanded forward curves offering at the Platts Oil Forum, which opened the Energy Institute's International Petroleum Week in London, one of the key events of the industry year.
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