Argus launches US refined products forward curves
Houston, 15 May 2014
Global energy and commodity price reporting agency Argus has launched forward curve prices for the US refined products markets. These prices provide hedging tools that reflect real commodity market activity, free from distortion and are representative of fair market values.
The US refined products markets are changing rapidly and the traditional supply and demand landscape has been altered dramatically. The need to export products, fueled by the expansion of shale drilling in the US and growing access to domestic crudes, is being intensified by weakening domestic demand. Now, more than ever, there is a demand for in-depth knowledge of forward curves pricing in the US refined products markets.
Argus US Refined Products Forward Curves offer a comprehensive look into the refined products market’s financial term structure. Companies with exposure to refined product price volatility can utilize Argus’ forward price curves to evaluate performance, measure profit and loss and calculate risk exposure. Paired with the Argus North American Crude Oil Forward Curves the user can see a complete picture of the petroleum value chain informed by the widely respected Argus methodology.
Derived from the rich array of physical transactions that are reported to Argus on a daily basis, as well as Argus’ cash market indexes and assessments, the Argus US Refined Products Forward Curves are constructed using market data, as well as proprietary statistical models and algorithms. Argus currently assesses and publishes 29 US refined product forward curves.
“Hedging risk exposure in the refined products markets is more important than ever,” Argus Media chairman and chief executive Adrian Binks said. “Argus forward assessments provide an essential tool to help our customers make sound investment and trading decisions in a fast-paced business environment.”
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About Argus Media
Argus is an independent media organisation with over 600 full time staff. It is headquartered in London and has offices in each of the world’s principal commodity centres. Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyse market and industry trends.
More than half of Argus employees are commodity journalists who specialise in reporting news and price information relating to physical energy and related commodity markets. They operate according to a rigorous Editorial Code of Conduct and a compliance and ethics policy that align with best journalistic practice, including the avoidance of conflicts of interest.
Argus is a leading provider of data on prices and fundamentals, news, analysis, consultancy services and conferences for the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer, petrochemical, metals and transportation industries. Data provided by Argus are widely used for indexation of physical trade. Companies, governments and international agencies use Argus information for analysis and planning purposes.
Argus has 19 offices globally, including London, Houston, Washington, New York, Calgary, Rio de Janeiro, Singapore, Dubai, Beijing, Tokyo, Sydney, Moscow, Astana and other key centres of the commodity industries. Argus was founded in 1970 and is a privately held UK-registered company.