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NEW YORK, July 31 /PRNewswire-FirstCall/ -- Platts, a division of The McGraw-Hill Companies (NYSE:MHP) and a leading global provider of energy and metals information, has launched a new Chinese language real-time petroleum information service, Platts China Alert, aimed at the world's most populous country and the second largest oil consumer.

Platts China Alert is a one-stop real-time information service that provides energy professionals in China with breaking industry news, market analysis and price assessments globally, via a convenient web-based platform. Platts is leveraging its existing capabilities and network of industry contacts to meet the diverse requirements of China's oil and gas sector and will utilize the expertise of a team of analysts from within China as well as its highly experienced global editorial group.

"Presented in Chinese, Platts China Alert will give the Chinese audience the most unbiased, independent and trusted information and price assessments available worldwide, unmatched by any other energy information providers in China," says Dave Ernsberger, Platts senior editorial director, Asia. "And by doing so, Platts is helping to meet the need for greater transparency and efficiency in markets globally."

Platts price assessments are recognized as benchmarks for the world's physical energy market including China's import market which uses the Free On Board (FOB) Singapore Platts high sulfur fuel oil assessments as the benchmark reference price for vital fuel oil supplies arriving in the ports of China. China's energy professionals also look to Platts to provide benchmark values for the crude oil imported from the Middle East, Africa, Russia and South America and use Platts price assessments in the determination of domestic gasoline and gas oil prices. Backed by Platts' rigorous proprietary assessment methodologies, subscribers are assured of dependable price assessments.

"Platts has been engaging with energy companies in China for more than 20 years because of the important role that China plays in global energy markets," says Platts President Victoria Chu Pao. "We believe that China has the will and the power to contribute much to the global energy dialogue that must exist if we are to achieve a successful prosperous future for all. We're pleased to help foster the means to such a dialogue by providing the China energy audience the global information it seeks."

This is the first local-language real-time alert launched by Platts. It joins the greater suite of hundreds of long-established global energy information products, including Platts Global Alert, a real-time petroleum information service, and regional and global newsletters including but not exclusive to such names as Platts Oilgram Price Report, Global Power Report, Platts International Coal Report, Platts Energy in East Europe, Platts Petrochemical Report, Platts Renewable Energy Report, Platts Inside Energy, Platts UK Gas Report, Platts Nucleonics Week, Platts Energy Trader, Platts Electric Utility Week, and Platts Steel Markets Daily.

About Platts:

Platts, a division of The McGraw-Hill Companies (NYSE:MHP), is a leading global provider of energy and metals information. With nearly a century of business experience, Platts serves customers across more than 150 countries. From 14 offices worldwide, Platts serves the oil, natural gas, electricity, nuclear power, coal, emissions, petrochemical and metals markets. Platts' real time news, pricing, analytical services, and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend upon Platts to help them make better trading and investment decisions. Additional information is available at http://www.platts.com/

About The McGraw-Hill Companies:

Founded in 1888, The McGraw-Hill Companies (NYSE:MHP) is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at http://www.mcgraw-hill.com/.

Source: Platts

CONTACT: Kathleen Tanzy
212-904-2860
Kathleen_tanzy@platts.com
Europe: Shiona Ramage
+44207 1766153
Asia: Casey Yew
+65 653 06552

Web site:

http://www.platts.com/
http://www.mcgraw-hill.com/

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Profile: Media News