Category: News

What does Platts stand for?

price benchmark service Platts means a price benchmark service for the oil industry. Platts pricing plus a premium or minus a discount is the preferred pr...

How many penny weights make a gram?

And, here’s an interesting fact: a US penny doesn’t weigh “1” pennyweight. It actually weighs 1.6 pennyweights or 2.5 grams. The abbreviation for pennywei...