S&P Global Stock Price, News & Analysis

S&P Global Platts announced the launch of the world's first daily CORSIA-eligible carbon credit price assessments, commencing January 4, 2021. This initiative provides much-needed transparency in voluntary carbon markets, crucial for reducing Greenhouse Gas (GHG) emissions. The assessments will include projects certified by various standards, reflecting market activities in US dollars per metric ton CO2-equivalent. As the demand for carbon credits rises amid commitments to net zero emissions, this new benchmark aims to support market participants in strategic planning for carbon neutrality.

S&P Dow Jones Indices and Experian reported a decrease in consumer credit defaults for November 2020. The composite default rate fell by 7 basis points to 0.46%. The bank card default rate decreased by 24 basis points to 2.56%, while the auto loan rate rose by 5 basis points to 0.64%. First mortgage defaults dropped 7 basis points to 0.28%. Additionally, all five major metropolitan areas showed lower default rates, with Miami experiencing the most significant decline, down 27 basis points to 0.86%.

On December 14, 2020, S&P Global Platts released its 2021 energy outlook, projecting a recovery in global GDP and oil demand. Despite optimism from vaccine developments, short-term challenges persist due to renewed lockdowns in the US and Europe, which will suppress gasoline demand. Oil demand is expected to rebound by over 6 million barrels per day, yet remain below 2019 levels. Key highlights include OPEC+'s influence on oil supply, refining challenges, and the potential for volatility in petrochemicals and natural gas markets. Renewables are anticipated to grow, putting further pressure on fossil fuel demand.

On December 11, 2020, NextEra Energy received the prestigious Energy Transition Award from S&P Global Platts, recognizing its leadership in ESG (Environmental, Social, and Governance). The award highlights NextEra's achievements in renewable energy, including contracts for 12,000 MW of wind, solar, and battery storage projects. The company aims to reduce emissions per unit of generation by 67% by 2025, while already generating over 50% of its power from low-emission sources. The award underscores NextEra's commitment to sustainable energy solutions.

S&P Global Platts announced the first LNG futures contract trade settled against its West India Marker (WIM) price assessment, marking a significant milestone for the Indian LNG market. The deal, executed between Glencore and Total, is expected to enhance transparency and tradability in the rapidly evolving LNG sector. The contract will be financially settled against the February average of the WIM LNG price assessment, which reflects cargoes delivered into India and the Middle East. This development signifies a move towards a dedicated derivatives market for LNG, addressing the region's supply and demand dynamics.

S&P Global Platts announced the launch of a new daily recycled high density polyethylene (HDPE) film pellets spot price assessment in Southeast Asia to address the increasing demand for recycled plastic pricing information. This assessment complements existing virgin HDPE prices and follows the introduction of recycled polyethylene terephthalate (R-PET) assessments in July 2020. The new pricing information aims to enhance transparency and assist market participants in making informed decisions amid a growing focus on recycled materials driven by green initiatives.