Nov 08, 2021
A benchmark price is a standard reference point used by the industry to represent the current market value. This is a price you need to have confidence in as it regularly acts as a starting point for contract negotiations, procurement decisions and business planning. Having access to open, transparent pricing information helps you to mitigate risk exposure and help ensure your business retains a competitive edge.
S&P Global Platts Refined Products solution gives you a definitive, unrivaled view of the market: must-see benchmark pricing, powerful data, forecasts, breaking news, insight and analytics. Our strict, robust methodology guidelines mean our global team of editors and analysts is price neutral, editorially independent, and fully transparent. Our Market on Close methodology for assessing petroleum products’ physical prices means our benchmarks consistently reflect market value.