S&P Global Platts Becomes Data & Insight Provider to OPEC

LONDON (June 8, 2021) – S&P Global Platts ("Platts"), the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, today announced that Platts has become a data and insight provider to the Organisation of the Petroleum Exporting Countries (OPEC), building on a long-term relationship.

Saugata Saha, President, S&P Global Platts, said: "We are pleased that OPEC recognises the value of Platts' independent price reporting and world-class analytics insight. We welcome this opportunity to deepen our longstanding relationship at this critical juncture when OPEC and energy ecosystem participants around the world are actively working to secure a sustainable future for generations to come."

Platts will supply the Vienna-based OPEC Secretariat team and the OPEC Research Division with Platts oil price data, news, fundamental data, insight and analytics, aimed at complementing OPEC's work in evaluating and analysing global oil markets. Platts will continue to support OPEC's industry leading lecture series, technical meetings, workshops and other market discussions.

OPEC is a permanent intergovernmental organization representing 13 oil-exporting nations that coordinates and unifies the petroleum policies of its Member Countries. The OPEC Secretariat is the executive organ of OPEC, and is responsible for the implementation of all resolutions passed by the Conference and carries out all decisions made by the Board of Governors. It also conducts research, the findings of which constitute key inputs in decision-making.

Media Contacts

Global/EMEA: Paul Sandell, + 44 (0)7816 180039, paul.sandell@spglobal.com
Americas: Kathleen Tanzy, +1 917-331-4607, kathleen.tanzy@spglobal.com
Asia: Melissa Tan, +65-6597-6241, melissa.tan@spglobal.com

About S&P Global Commodity Insights

At S&P Global Commodity Insights, our complete view of global energy and commodities markets enables our customers to make decisions with conviction and create long-term, sustainable value.

We’re a trusted connector that brings together thought leaders, market participants, governments, and regulators and we create solutions that lead to progress. Vital to navigating commodity markets, our coverage includes oil and gas, power, chemicals, metals, agriculture, shipping and energy transition. Platts® products and services, including the most significant benchmark price assessments in the physical commodity markets, are offered through S&P Global Commodity Insights.

S&P Global Commodity Insights is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information visit https://www.spglobal.com/commodityinsights



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