Mean_of_Platts_Singapore

Mean of Platts Singapore

Mean of Platts Singapore

Oil product price assessment mechanism

MOPS (short for the Mean of Platts Singapore) is the average of a set of Singapore-based oil product price assessments published by Platts, a global energy, petrochemicals, metals and agriculture information provider and a division of S&P Global.[1]

Overview

The Platts assessment process determines the value of physical commodities 15–30 days forward for many oil products loading in Singapore.[1]

MOPS is an acronym that stands for the Mean of Platts Singapore, and typically refers to any contract mechanism that derives its value by referencing the average of a set of Singapore-based oil price assessments published by Platts. The time frame can be over a week, a month, or any agreed period of time.[1]

References

  1. [1]
    "Specifications Guide Asia Pacific and Middle East Refined Oil Products" (PDF).


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