New Platts microsite increases transparency in jet fuel

LONDON, England -- Platts, a leading global energy, petrochemicals and metals information provider, has announced that it has enhanced its website to include a special section aimed at the energy information needs of the aviation industry.

"We're pleased to introduce a one-stop source of global jet fuel news and price data that we believe will further enhance transparency in and broader understanding of the aviation fuel markets," said Dave Ernsberger, Platts global editorial director of oil.

At the new website [see below] Platts now provides easy, online access to nearly a dozen web pages devoted to the business of aviation energy, including:

• Platts Global Jet Index, an index reflective of a worldwide value based on Platts' daily spot market assessments for regional jet fuels

• Graphics of Platts' spot regional jet fuel price assessments

• Daily commentary and overview of jet fuel pricing in key refining and consuming markets worldwide

• Up-to-the-minute jet fuel news

"Platts is committed to serving the information needs of the aviation energy markets and ensuring its website continues to develop as a trusted resource for the aviation industry," said Tim Worledge, Platts team leader of middle distillates for Europe, Middle East and Africa (EMEA).

Platts' jet fuel microsite will also be accessible through the well-known website of the International Air Transport Association (IATA) on its economics pages.

The Platts jet fuel price assessments employ the time-tested Market-on-Close methodology that has been used in physical oil and product markets worldwide for nearly 20 years. Platts MOC is a highly transparent price assessment process based on the principle that price is a function of time. The MOC process identifies bid, offer and transaction data by company of origin and results in a time-sensitive end-of-trading-day daily price assessment. Platts, through its products and services, has served the aviation industry with news and benchmark price references for more than thirty years.

About Platts

Founded in 1909, Platts is a leading global provider of energy, petrochemicals and metals information and a premier source of benchmark prices for the physical and futures markets. Platts' news, pricing, analytics, commentary and conferences help customers make better-informed trading and business decisions and help the markets operate with greater transparency and efficiency. Customers in more than 150 countries benefit from Platts' coverage of the carbon emissions, coal, electricity, oil, natural gas, metals, nuclear power, petrochemical, and shipping markets. A division of The McGraw-Hill Companies (NYSE: MHP), Platts is headquartered in New York with approximately 900 employees in more than 15 offices worldwide.

To see the new Jet Fuels website please click here

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