Market Overview - Cement is the key ingredient in concrete, the world's second most consumed product, and serves as the foundation of the global construction industry [2] - The global cement market has an estimated value of $400 billion [2] - Cement accounts for approximately 8% of total global emissions, driving demand for price transparency due to decarbonization efforts [2] New Product Launch - S&P Global Commodity Insights launched a pioneering suite of cement and clinker price assessments, marking a first in the market [1] - The new assessments include cement price evaluations for Turkey and associated cement freight to Europe and North America [3] - The assessments incorporate market data reflecting the value of cement, clinker, and associated freight in the spot market, considering bids, offers, trades, and other indicators [5] Industry Impact - The introduction of cement and clinker assessments promotes transparency across the broader minerals value chain, meeting the information needs of market participants [4] - The assessments provide essential transparency and high-quality information to market participants as the industry faces increasing scrutiny over carbon emissions [3] - The launch reinforces Platts' commitment to supporting the cement sector as it adapts to evolving regulatory and reporting requirements [3] Regional Focus - Turkey is a leading player in the global cement and clinker trade, bolstered by outstanding logistics capabilities, strict adherence to quality standards, and well-established relationships with major importers [3] - Turkey's strategic geographical location enhances its role as a key cement supplier in the region, with anticipated expansion as neighboring countries embark on rebuilding efforts following recent conflicts in the Eastern Mediterranean region [3] Company Background - S&P Global Commodity Insights is a division of S&P Global, providing a complete view of global energy and commodity markets, enabling customers to make decisions with conviction and create long-term, sustainable value [7][9] - The company offers a comprehensive suite of fertilizer and minerals assessments, including benchmarks in ammonia, urea, sulfur, and phosphate markets [6] - S&P Global Commodity Insights maintains clear structural and operational separation between its price assessment activities and other activities carried out by the company and other business divisions of S&P Global [8]

NEW YORK, Jan. 23, 2025 /PRNewswire/ -- automotiveMastermind, the automotive industry's trusted data and technology provider, has unveiled a new technology that uses the industry's most accurate and comprehensive data to identify prospects. This new product, Acquire, helps dealers grow market share by reaching new audiences – those who are outside their database and also likely to buy a vehicle – within offers through an easy-to-use interface. Powered by Mastermind's Actionable Intelligence™, Acquire uses d ...

One in Five Vehicles Nationwide Have At Least One Unresolved Recall CENTREVILLE, Va., Jan. 22, 2025 /PRNewswire/ -- Despite growing concerns over vehicle safety and efforts by vehicle manufacturers, 58.1 million – one in five cars on the road – have an automotive recall that remains unfixed. CARFAX data shows that's a 16% increase in just two years. Among these vehicles, more than 14 million have two or more unresolved recalls, significantly raising the risk of critical safety component failures, potential ...

NEW YORK, Jan. 16, 2025 /PRNewswire/ -- automotiveMastermind, the automotive industry's trusted data and technology provider, now offers a real-time view of in-market customers' shopping activity on dealership websites in addition to enriching its Behavior Prediction Score (BPS), the industry gold standard in behavior prediction modeling.    Mastermind has long helped dealerships drive demand with its proactive approach to predicting when customers will purchase their next vehicle and understanding what is ...

Cleantech investments to reach $670 billion. LONDON, NEW YORK, and SINGAPORE, Jan. 13, 2025 /PRNewswire/ -- S&P Global Commodity Insights, the leading independent provider of information, analysis, data, and benchmark prices for the commodities, energy, and energy transition markets, has released its latest report on the pivotal trends in clean energy technology for 2025. "S&P Global Commodity Insights forecasts that cleantech energy supply investments, including renewable power generation, green hydrogen p ...

NEW YORK, Jan. 10, 2025 /PRNewswire/ -- S&P Global's (NYSE: SPGI) fourth quarter and full-year 2024 results will be issued on Tuesday, February 11, 2025 via news release at approximately 7:15 a.m. Eastern Time. The news release will be available at www.spglobal.com. Martina Cheung, President and CEO; Christopher Craig, Interim CFO; and Mark Grant, Senior Vice President, Investor Relations, will host a conference call and webcast at 8:30 a.m. Eastern Time on February 11, 2025 to discuss the Company's fourth ...

Q4 2024 U.S. common dividend increases were $14.2 billion, up 1.0% from $14.1 billion in Q3 2024 and down 18.8% from $17.5 billion in Q4 2023. Q4 2024 U.S. common dividend decreases were $2.5 billion, down 45.6% from $4.6 billion in Q3 2024, and down 35.7% from $3.9 billion in Q4 2023. Q4 2024 net indicated dividend rate change increased $11.7 billion. For the 12-months ending December 2024, U.S. common dividend increases were $71.4 billion up 9.7% from the 12-month December 2023 period's $65.1 billion; d ...

Core Insights - Annual methane emissions from oil and gas production in the Permian Basin decreased by 26% in 2023 compared to the previous year, equating to the carbon emissions avoided by every electric vehicle in the U.S. that year [1][24] - The reduction in methane emissions is attributed to advancements in equipment and the deployment of new technologies, including AI-driven data analysis and enhanced leak detection methods [3][13] - The Permian Basin, responsible for nearly half of U.S. oil output, has shown significant progress in reducing emissions while increasing overall production [2][27] Emission Reduction Details - The 2023 methane intensity for the Permian Basin was recorded at 0.63% of total production, with a notable 33% decrease in methane emissions as a percentage of total natural gas output [4][13] - The total reduction in methane emissions amounted to over 34 billion cubic feet, equivalent to 18.5 million tons of carbon dioxide emissions avoided [24] - Methane emissions accounted for only 0.12% of upstream revenues in 2023, reflecting a 70% drop from the previous year due to falling gas prices [19] Technological Advancements - The analysis utilized data from approximately 700 survey flights conducted over 185 days, providing high-resolution observations that enhance the accuracy of emissions estimates [6][11] - Remote sensing technologies have improved the detection of leaks, allowing for quicker responses to emissions that previously could persist for extended periods [13][19] - The ability to detect emissions as low as 10 kg/hr accounts for over 72% of total methane released from upstream operations [15] Industry Impact - The improvements in emissions management are expected to yield positive returns for oil and gas operators, even in a lower natural gas price environment [14][19] - The ongoing advancements in technology and data analytics are crucial for operators to evaluate spending on methane emissions reduction effectively [25]

As 2025 approaches, S&P Global Mobility forecasts 89.6 million new vehicle sales worldwide next year, reflecting cautious recovery growth. Automotive forecasts have been downgraded across the board, reflecting expected post-election US policy shifts. Resulting impacts to vehicle demand will be significant, especially interest rates, trade flows, sourcing, and BEV adoption rates. SOUTHFIELD, Mich., Dec. 20, 2024 /PRNewswire/ -- Global new light vehicle sales in 2025 are expected to rise 1.7% year-over-year, ...

Impact on U.S. domestic natural gas prices—among the lowest in the world—would remain negligible WASHINGTON, Dec. 17, 2024 /PRNewswire/ -- On their current trajectory, growing exports of U.S. liquefied natural gas (LNG) would support nearly half a million domestic jobs annually and contribute $1.3 trillion to U.S. gross domestic product through 2040 while having a negligible impact on domestic gas prices, according to a new comprehensive study by S&P Global. The study projects U.S. LNG export capacity to do ...