Platts Diesel Price Benchmarks Selected By CME Clearing Europe

Platts physical price data have been selected as the basis for new diesel and ultra-low-sulfur diesel (ULSD) over-the-counter (OTC) contracts by CME Clearing Europe, a London-based subsidiary of CME Group. Platts is a leading global energy, petrochemicals and metals information provider and a top publisher of benchmark price references.

“We’re pleased to see that Platts benchmark data continue to set the standard for OTC energy markets, as recognized by CME Group’s recently launched European clearing house,” said Gerald Bushel, Platts director of global licensing. “Through licensing arrangements such as this, Platts data become a source of greater transparency for the broader energy market place.”

CME Clearing Europe announced the availability of the new contracts for clearing on June 8, 2011. With this recent launch, Platts physical price benchmarks provide the clearing basis for 88 contracts at CME Clearing Europe and more than 450 contracts at CME Group. For more information on the new Platts-based diesel contracts, click here.

Published on a daily basis, Platts diesel and ULSD price assessments appear in publications such as Platts Oilgram Price Report and Platts European Marketscan, among others. Click here for details on the methodology that underpins Platts price assessment processes for European oil products.

Founded in 1909, Platts is a global provider of benchmark price references, news and supply/demand information across the full spectrum of energy commodities, including natural gas, liquefied natural gas, coal, nuclear power, oil and oil products, petrochemicals, electric power, carbon emissions, and biofuels, as well as iron ore, steel and the broader metals complex.

*Platts does not sponsor, endorse, promote or sell CME Clearing Europe or CME Group contracts.