Argus US Crack Spread Forward Curves
Overview
Argus US Crack Spread Forward Curves service is an independent market valuation tool to support investment and trading decisions in North American oil markets. The service provides daily differential forward prices between key refined oil products and various crude grades.
Our clients act with confidence because our forward curves are built from unbiased and transparent industry-specific methodologies that produce representative market values free from distortion.
Key features
Daily assessments
Daily assessments for 45 crack spread markets, providing a rolling 24 month view of monthly forward prices.
Key differentials
Price differences between crude oil and refined product markets across North America.
Time-stamped
Time-stamped at 6 p.m. CPT time, in alignment with Argus’ physical settlement price assessments.
Robust methodology
Independent and transparent market-appropriate methodology.
Delivery options
Receive our forward curve data via data feed, third-party channel partners, our client portal or via email.
Customers that benefit
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Exploration and production companies
Use our curves services to determine commitments for the coming fiscal year.
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Refineries
Use curves to inform hedging decisions when securing refined oil supplies and to analyse margins at their facilities.
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Risk managers
Use our forward curves data for unbiased, third-party curve validation against counterparties, internal valuations, and for mark-to-market purposes for daily profit and loss assessments.
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Traders
Rely on our extensive historical analysis to determine locational and temporal spread relationships and use prior day curves on a daily basis as a reference when entering the market the following morning.
Product specifications
- Gulf Coast Gasoline-M2 (9.0 RVP)
- Gulf Coast ULSD
- Gulf Coast Jet Fuel
- Chicago CBOB
- Chicago RBOB
- Chicago ULSD
- Chicago Jet Fuel
- Group 3 CBOB
- Group 3 ULSD
- LA reg CARBOB
- LA ULSD
- LA Jet Fuel
- NY Harbor RBOB
- NY Harbor ULSD
- NY Harbor Jet Fuel
- WTI Houston
- WTL Midland
- LLS
- WCS
- ANS
- Brent
- Multi crack forwards
- Single crack forwards
- Excel format
- Excel add-in
- FTP – CSV file
- API – CSV file
- Argus Direct client portal
- Argus Date Science Studio
- Third party channel partners
Argus forward curves are a proven, reliable tool for analytical and risk-management processes, including:
- Mark-to-market (MTM) accounting
- Value-at-risk (VaR)
- Potential future exposure (PFE)
- Deal valuation
- Regression analysis
- Scenario analysis
- Valuing option premiums associated with forward crude contracts
Key price assessments
Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.
Argus Brazil MAP cfr
The Argus Brazil MAP cfr price is a leading assessment for 11-52 prices west of Suez. Brazil is the world’s largest MAP importer by a considerable margin.
Argus China fob prilled urea
The Argus China fob prilled urea assessment is a leading spot price reference for the urea sector. Argus publishes this assessment on both a weekly and daily basis, covering prilled urea shipped from a range of ports across China.
Argus RED biomethane
Capturing the value of German biomethane for road transport.
Argus European inland LNG
Argus publishes prices for LNG for use in transport and other small-scale applications at four key German locations. Our prices bring transparency for both buyers and sellers operating in this market.
Argus Guarantee of Origin (GOO)
Guarantee of origin certificates are used to label the source of electricity. Argus assesses certificates for Nordic hydro, European wind, European solar and European biomass for the current year, previous year and 3 years ahead.
Argus International Renewable Energy Certificate (I-RECs)
International Renewable Energy Certificates (I-RECs) are used to label the source of electricity. Argus produces independent price assessments for I-RECs markets.
Argus European Renewable Gas Guarantee of Origin (RGGO)
RGGOs label the source of network-injected biomethane. Argus produces independent prices for RGGO wholesale trade.
Baltic wood pellet
The fob Baltic wood pellet price assessment is the price reference for wood pellets sold out of Baltic ports in the 90-day spot window. It is also known as Argus fob Riga.
Argus palm kernel shells (PKS)
Argus assesses a fob east coast Sumatra palm kernel shell (PKS) spot price, for delivery within the next 90 days.
Argus fob Vietnam wood pellet
The Argus fob Vietnam wood pellet spot index is a leading price reference for industrial wood pellets loading at specified key ports in Vietnam, with a 90-day window.
Argus German diesel 10ppm cif Hamburg
Trusted, representative price capturing the value of diesel cargoes imported to northern Germany.
Argus Northeast Asia des (ANEA™)
The Argus Northeast Asia des (ANEA™) LNG price is a daily physical spot price assessment for LNG cargoes delivered ex-ship (des) to ports in Japan, South Korea, Taiwan and China. The assessment is of prices for deliveries across four half-month windows that start 2-5 half months forward from the date of assessment.
Argus Austria VTP
Argus assesses the price of contracts trading on Austria’s Virtual Trading Point (VTP). Our gas price assessments are trusted and used by a wide range of customers throughout Europe as benchmarks in supply contracts, risk management processes, and downstream and infrastructure pricing.
Argus Germany VTP (Trading Hub Europe)
Argus produces prompt and forward gas price assessments for Germany’s new virtual trading point (VTP) operated by Trading Hub Europe (THE).
Argus Point d’Echange de Gaz (Peg)
Argus assesses the price of contracts trading on France’s Point d’Echange de Gaz (Peg) virtual point.
Argus TTF
Argus produces benchmark assessments of the value of contracts trading on the Netherlands’ Title Transfer Facility, Europe’s most liquid virtual trading point.
Argus Brazil MAP cfr
The Argus Brazil MAP cfr price is a leading assessment for 11-52 prices west of Suez. Brazil is the world’s largest MAP importer by a considerable margin.
Argus China fob prilled urea
The Argus China fob prilled urea assessment is a leading spot price reference for the urea sector. Argus publishes this assessment on both a weekly and daily basis, covering prilled urea shipped from a range of ports across China.
Argus RED biomethane
Capturing the value of German biomethane for road transport.
Argus European inland LNG
Argus publishes prices for LNG for use in transport and other small-scale applications at four key German locations. Our prices bring transparency for both buyers and sellers operating in this market.
Argus Guarantee of Origin (GOO)
Guarantee of origin certificates are used to label the source of electricity. Argus assesses certificates for Nordic hydro, European wind, European solar and European biomass for the current year, previous year and 3 years ahead.
Argus International Renewable Energy Certificate (I-RECs)
International Renewable Energy Certificates (I-RECs) are used to label the source of electricity. Argus produces independent price assessments for I-RECs markets.
Argus European Renewable Gas Guarantee of Origin (RGGO)
RGGOs label the source of network-injected biomethane. Argus produces independent prices for RGGO wholesale trade.
Baltic wood pellet
The fob Baltic wood pellet price assessment is the price reference for wood pellets sold out of Baltic ports in the 90-day spot window. It is also known as Argus fob Riga.
Argus palm kernel shells (PKS)
Argus assesses a fob east coast Sumatra palm kernel shell (PKS) spot price, for delivery within the next 90 days.
Argus fob Vietnam wood pellet
The Argus fob Vietnam wood pellet spot index is a leading price reference for industrial wood pellets loading at specified key ports in Vietnam, with a 90-day window.
Argus German diesel 10ppm cif Hamburg
Trusted, representative price capturing the value of diesel cargoes imported to northern Germany.
Argus Northeast Asia des (ANEA™)
The Argus Northeast Asia des (ANEA™) LNG price is a daily physical spot price assessment for LNG cargoes delivered ex-ship (des) to ports in Japan, South Korea, Taiwan and China. The assessment is of prices for deliveries across four half-month windows that start 2-5 half months forward from the date of assessment.
Argus Austria VTP
Argus assesses the price of contracts trading on Austria’s Virtual Trading Point (VTP). Our gas price assessments are trusted and used by a wide range of customers throughout Europe as benchmarks in supply contracts, risk management processes, and downstream and infrastructure pricing.
Argus Germany VTP (Trading Hub Europe)
Argus produces prompt and forward gas price assessments for Germany’s new virtual trading point (VTP) operated by Trading Hub Europe (THE).
Argus Point d’Echange de Gaz (Peg)
Argus assesses the price of contracts trading on France’s Point d’Echange de Gaz (Peg) virtual point.
Argus TTF
Argus produces benchmark assessments of the value of contracts trading on the Netherlands’ Title Transfer Facility, Europe’s most liquid virtual trading point.
Argus Brazil MAP cfr
The Argus Brazil MAP cfr price is a leading assessment for 11-52 prices west of Suez. Brazil is the world’s largest MAP importer by a considerable margin.
Argus China fob prilled urea
The Argus China fob prilled urea assessment is a leading spot price reference for the urea sector. Argus publishes this assessment on both a weekly and daily basis, covering prilled urea shipped from a range of ports across China.
Argus RED biomethane
Capturing the value of German biomethane for road transport.
Argus European inland LNG
Argus publishes prices for LNG for use in transport and other small-scale applications at four key German locations. Our prices bring transparency for both buyers and sellers operating in this market.
Argus Guarantee of Origin (GOO)
Guarantee of origin certificates are used to label the source of electricity. Argus assesses certificates for Nordic hydro, European wind, European solar and European biomass for the current year, previous year and 3 years ahead.
Argus International Renewable Energy Certificate (I-RECs)
International Renewable Energy Certificates (I-RECs) are used to label the source of electricity. Argus produces independent price assessments for I-RECs markets.
Argus European Renewable Gas Guarantee of Origin (RGGO)
RGGOs label the source of network-injected biomethane. Argus produces independent prices for RGGO wholesale trade.
Baltic wood pellet
The fob Baltic wood pellet price assessment is the price reference for wood pellets sold out of Baltic ports in the 90-day spot window. It is also known as Argus fob Riga.
Argus palm kernel shells (PKS)
Argus assesses a fob east coast Sumatra palm kernel shell (PKS) spot price, for delivery within the next 90 days.
Argus fob Vietnam wood pellet
The Argus fob Vietnam wood pellet spot index is a leading price reference for industrial wood pellets loading at specified key ports in Vietnam, with a 90-day window.
Argus German diesel 10ppm cif Hamburg
Trusted, representative price capturing the value of diesel cargoes imported to northern Germany.
Argus Northeast Asia des (ANEA™)
The Argus Northeast Asia des (ANEA™) LNG price is a daily physical spot price assessment for LNG cargoes delivered ex-ship (des) to ports in Japan, South Korea, Taiwan and China. The assessment is of prices for deliveries across four half-month windows that start 2-5 half months forward from the date of assessment.
Argus Austria VTP
Argus assesses the price of contracts trading on Austria’s Virtual Trading Point (VTP). Our gas price assessments are trusted and used by a wide range of customers throughout Europe as benchmarks in supply contracts, risk management processes, and downstream and infrastructure pricing.
Argus Germany VTP (Trading Hub Europe)
Argus produces prompt and forward gas price assessments for Germany’s new virtual trading point (VTP) operated by Trading Hub Europe (THE).
Argus Point d’Echange de Gaz (Peg)
Argus assesses the price of contracts trading on France’s Point d’Echange de Gaz (Peg) virtual point.
Argus TTF
Argus produces benchmark assessments of the value of contracts trading on the Netherlands’ Title Transfer Facility, Europe’s most liquid virtual trading point.
Related documents
Methodology
Get the most up-to-date guide to the methodology used to ensure the prices published in the Argus US Crack Spread Forward Curves are free from distortion and representative of spot market values.
Forward curves primer
An introduction to forward curves – what are they, how are they produced and why do they matter.