This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Platts Begins Follow-the-Sun Forward Price Curves In Oil And Expands Americas Oil Forward Curve Offering

LONDON, Feb. 27, 2013 /PRNewswire/ --  Platts, a leading global energy, petrochemicals and metals information provider, has expanded its offering of forward-dated price assessments, known as forward curves, for crude oil and refined products. Just launched is a new Platts Follow-the-Sun series of global price curves and an extension of the time period captured in the Americas curves data.

"The appetite for hedging price risk in crude oil and refined products is ever expanding and the industry has asked Platts to provide price discovery further and further into the future," said Marc Karstaedt, Platts senior director, global trading services. "We believe our expanded time series of Americas curves and the new Follow-the-Sun series will go a long way to meeting the needs of the global oil trading community."

Companies with exposure to commodity prices typically utilize 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.

New Global Series of Follow-the-Sun Forward Curves

The Platts Follow-the-Sun oil forward price curves supplement Platts' existing assessments of the global oil markets published three times daily as the Platts Forward Curve (PFC)-Oil series and encompassing crude oil and refined products markets in the Americas, Asia and Europe, Middle East and Africa (EMEA).

The PFC-Oil Asia and PFC-Oil EMEA series reflect prices assessed by Platts at the close of market trading at 4:30 p.m. in Singapore and London, respectively. The PFC-Oil Americas series reflect market-on-close assessments at 3:15 p.m. in New York. All assessments reflect prices as determined between buyer and seller in the open market.

The Follow-the-Sun oil forward price curves better enable corporations with activities spanning the global oil markets to choose a single end-of-day time stamp to evaluate their performance, measure risk and calculate profit and loss. They also help address the challenge of reconciling mark-to-market price differences resulting from calculations using forward price curves with different regional time stamps.

Stock quotes in this article: MHP 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs