Platts Begins Follow-the-Sun Forward Price Curves in Oil and Expands Americas Oil Forward Curve Offering

Platts Begins Follow-the-Sun Forward Price Curves in Oil and Expands Americas
                          Oil Forward Curve Offering

Prices Reflect Three Market Periods - Americas, Asia, Europe; More
Forward-Dated U.S. Data

PR Newswire

LONDON, Feb. 27, 2013

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.

The Platts Follow-the-Sun series will offer updated sets of all Platts
regional refined products curves at the close of trading in their region with
updated assessments in the two other major markets around the world. The Asia
curves will be restated at the London close and then again at the New York
close. Similarly the EMEA curves will be restated at the New York and
Singapore closes, as will Americas be restated at Singapore and London closes.

Extended Time Horizon For Americas Forward Curves

Platts has added more than 1,100 new data points and 35 additional forward
curves to its suite of Americas crude oil and refined products forward
curves, bringing its total offering to 67 forward price curves.

Platts now publishes assessments for a total of 36 months, 12 calendar
quarters and three calendar years forward for Brent, Dubai and West Texas
Intermediate (WTI) crude oils swaps, and at least 12 months, and four calendar
quarters for a broad range of refined product swaps.

The new Americas data is published daily in Platts Forward Curve (PFC) Oil
Americas, which contains swaps assessments for fuel oil, heating oil, middle
distillates and gasoline, as well as crude oil, crack spreads and time
spreads.

The full Platts Forward Curve (PFC)-Oil series, encompassing Asian, European
and U.S. crude oil and refined products markets, now includes more than 3,500
data points and 150 forward price curves.

The announced data expansions to the Americas curves follow similar Platts
enhancements to the PFC-Oil Asia and PFC-Oil EMEA curves in 2012. Platts'
crude oil and refined products assessments are underpinned by a rigorous,
structured methodology. For more information on methodology, visit the Platts
website at www.platts.com.

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. Additional information is
available at http://www.platts.com.

About The McGraw-Hill Companies: The McGraw-Hill Companies (NYSE: MHP), a
financial intelligence and education company, signed an agreement to sell its
McGraw-Hill Education business to investment funds affiliated with Apollo
Global Management, LLC in November 2012. Following the sale closing, expected
in early 2013, the Company will be renamed McGraw Hill Financial (subject to
shareholder approval) and will be a powerhouse in benchmarks, content and
analytics for the global capital and commodity markets. The Company's leading
brands will include: Standard & Poor's, S&P Capital IQ, S&P Dow Jones Indices,
Platts, Crisil, J.D. Power and Associates, McGraw-Hill Construction and
Aviation Week. The Company will have approximately 17,000 employees in more
than 30 countries. Additional information is available at
http://www.mcgraw-hill.com/.



SOURCE Platts

Website: http://www.platts.com
Contact: Kathleen Tanzy, +1-212-904-2860, Kathleen_tanzy@platts.com; or
Elizabeth Catalano, +44-207-176-6024, elizabeth_catalano@platts.com