Platts Builds Blockchain Oil Supply Data Collection Network

Platts already served as the exclusive publisher of Fujariah’s weekly oil inventory figures—which commodity traders can use to determine supply and demand and to set prices—but previously, the 11 terminal operators submitted data to FedCom, which then passed the aggregated data to Platts.

“Fujariah has an amazing physical infrastructure… as a potential export hub for crude oil and for storage of distillates. And it wants to be a trading hub where people can come to manage their inventory and