[5] From an original focus on the oil industry, S&P Global Commodity Insights gradually expanded its purview to include metals, agriculture, shipping, and all energy-related markets – oil, coal, natural gas, electricity, nuclear power, petrochemicals, renewables, and emissions.

He expanded the business with the publication of the newsletter called Platts Oilgram in 1923, which went on to be recognized as an influential source for petroleum prices.

The companies founded by Platt that published prices and news were acquired in 1953 to become part of what was then known as McGraw-Hill group, which was later to become S&P Global.

The publication activities that started with petroleum later expanded to cover energy and commodities, which were all undertaken by the division that became known as Platts.

[8] Beginning in 2010, Platts' parent started making acquisitions to significantly grow the Platts business, including: Bentek Energy, a natural gas-focused analytics firm, in 2010;[9][10] Eclipse Energy;[9] Kingsman;[9] Minerals Value Service;[9] RigData in 2016[11] (RigData was sold to Drillinginfo in 2019[12]); Commodity Flow in 2016;[13] and PIRA.