S&P Global Inc. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
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.
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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.
S&P Global Platts has introduced a new API solution to enhance the price reporting process for its US natural gas indices. This development follows the launch of the Platts Trade Vision tool in November 2019, aimed at assisting natural gas price submitters. The API, developed with input from market stakeholders, including Tenaska Marketing Ventures, aims to automate submissions, reduce costs, and improve digital infrastructure. This innovation continues S&P Global Platts' strategy to modernize commodity price assessment processes, following earlier API launches in 2020.
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S&P Global Trucost has launched its Paris Alignment dataset on the Market Intelligence Platform, aiding clients in assessing company alignment with the Paris Agreement goals. This dataset covers 1,800 companies and offers tools for tracking energy transitions towards a low-carbon economy. CEO Richard Mattison emphasized its utility in monitoring carbon emissions and identifying necessary reductions to meet climate targets by 2025. The launch is part of S&P Global's continued expansion of Climate and Environmental data.
The latest report from S&P Global Ratings reveals that cash and investments held by U.S. nonfinancial and nonutility firms surged by 30% to a record $2.5 trillion in H1 2020. Concurrently, debt climbed by 9% to $7.8 trillion as companies issued unprecedented amounts to navigate the financial turbulence caused by the COVID-19 pandemic. Analysts predict that the U.S. Federal Reserve's low-interest rates will support future liquidity needs, allowing firms to reevaluate their cash strategies. This situation sets the stage for a potential shift in corporate financial policies depending on post-pandemic recovery.