Argus launches crude oil forward curves service
Houston, 25 June 2013
Global energy and commodity price reporting agency Argus has launched a forward curves service for North American crude markets. The new service, Argus North American Crude Oil Forward Curves, complements Argus’ existing in-depth coverage of global crude markets.
Argus crude price assessments for grades such as LLS, Mars and WTS are used extensively in US markets to index physical contracts.
Forward curve prices in Argus North American Crude Oil Forward Curves are derived from Argus’ deep well of crude market data. Argus uses prompt and forward market data, in addition to proprietary models and algorithms, to arrive at the forward curve prices. The service covers daily assessments for 24 crude grades and trading locations, providing monthly granularity for time periods extending a minimum of five years ahead from the spot contract. Argus’ forward curve prices are time-stamped at 2:30pm EST, in alignment with the Nymex settlement price.
“Argus’ new crude oil forward curves provide an authoritative and independent source of valuation for crude markets in North America,” Argus Media chairman and chief executive Adrian Binks said. “We believe this will offer the industry a definitive risk management tool for investment support and trading decisions.”
Argus North American Crude Oil Forward Curves can be an essential tool for supporting mark-to-market accounting and to support numerous analytical applications such as value-at-risk, potential future exposure, deal valuation, regression analysis, scenario analysis, and valuing option premiums associated with forward crude contracts.
Argus forward curve methodologies are available online at: www.argusmedia.com/Methodology-and-Reference
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About Argus Media
Argus is an independent media organization with nearly 500 full time staff. It is headquartered in London and has offices in each of the world’s principal energy centers. Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyze market and industry trends.
More than half of Argus’ staff are commodity journalists who specialize 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 an 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 centers of the energy industry. Argus was founded in 1970 and is a privately held UK-registered company.