S&P Global Energy
American energy markets information provider
From Wikipedia, the free encyclopedia
S&P Global Energy is a provider of energy and commodities information and a division of S&P Global. Its editors publish daily price assessments in physical commodity markets, and the U.S. Department of Justice has identified the company as one of four global price reporting agencies.[1] Its assessments underpin the Brent crude oil benchmark; the Oxford Institute for Energy Studies estimated in 2022 that the Brent complex priced almost 70% of globally traded crude oil and long-term LNG.[2]
Platts (1953–2016)
S&P Global Platts (2016–2022)
S&P Global Commodity Insights (2022–2025)
| |
| Formerly | Platt's (1923–1953) Platts (1953–2016) S&P Global Platts (2016–2022) S&P Global Commodity Insights (2022–2025) |
|---|---|
| Type | Division |
| Industry | Commodities, Energy, Financial Information |
| Founded | February 1, 1909, in Cleveland, Ohio, US |
| Founder | Warren C. Platt |
| Headquarters | London , England, UK |
Area served | Worldwide |
| Key people | Dave Ernsberger (President) |
| Products | Price assessments, market data, analytics, news, research |
| Services | Information and benchmark price provider |
| Parent | S&P Global |
| Website | www |
The business traces its origins to 1909, when Warren C. Platt founded the magazine National Petroleum News in Cleveland, Ohio.[3] Platt's publishing interests became part of McGraw-Hill in 1953 and grew into the division known as Platts.[4] It was renamed S&P Global Platts in 2016, S&P Global Commodity Insights following a 2022 merger with IHS Markit, and S&P Global Energy in November 2025.
Overview
From an original focus on the oil industry, S&P Global Energy gradually expanded its purview to include metals, agriculture, shipping, and all energy-related markets – oil, coal, natural gas, electricity, nuclear power, petrochemicals, renewables, and emissions.
Corporate history
Warren C. Platt (1883–1963) started the magazine National Petroleum News in Cleveland, Ohio in 1909. He expanded the business with the publication of the newsletter called Platts Oilgram in 1923, which went on to be recognized as an influential source for petroleum prices. The companies founded by Platt that published prices and news were acquired in 1953 to become part of what was then known as McGraw-Hill group, which was later to become S&P Global. The publication activities that started with petroleum later expanded to cover energy and commodities, which were all undertaken by the division that became known as Platts.[4]
In 2000, McGraw-Hill merged Platts with other like assets to turn the company into a provider of energy information.[3] 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.[5] That acquisition gave it the Platts Global Energy Awards, considered one of the industry's biggest awards event, held every December in New York.[6]
Beginning in 2010, Platts' parent started making acquisitions to significantly grow the Platts business, including: Bentek Energy, a natural gas-focused analytics firm, in 2010;[7][8] Eclipse Energy;[7] Kingsman;[7] Minerals Value Service;[7] RigData in 2016[9] (RigData was sold to Drillinginfo in 2019[10]); Commodity Flow in 2016;[11] and PIRA.[7] An attempt to acquire OPIS in 2011 failed following market objections and Federal Trade Commission resistance.[12]
In 2022, when S&P Global completed a merger with IHS Markit, it combined the divisions S&P Global Platts and IHS Markit ENR to form the renamed S&P Global Commodity Insights, dropping Platts from the division's name,[13] though preserving it in the ongoing Platts Global Energy Awards.[14] Former IHS brands that were retained include CERAWeek[citation needed] and Chemical Week.[15]
On November 14, 2025, S&P Global announced the rebranding of Commodity Insights to S&P Global Energy, effective immediately, to sharpen its focus on global energy intelligence amid evolving market demands.[16]
