Bolivia switches to Argus for oil pricing
Houston, 24 April 2024
YPFB is responsible for all of Bolivia’s motor fuel imports, which amount to around 40,000 b/d. Bolivia is highly dependent on imports, which fulfil about two-thirds of local demand.
YPFB will issue tenders to buy crude, diesel, gasoline and naphtha using Argus US Gulf coast prices as the contractual reference. Most oil imports to Bolivia come from the US Gulf coast, so pricing based on this region accurately reflects real supply and demand fundamentals.
Argus Media chairman and chief executive Adrian Binks said: “We are delighted that YPFB has chosen to rely on Argus prices. Over the past decade we have greatly improved Argus’ representation in and coverage of markets in South America, which are growing, dynamic and increasingly important in world terms.”
About Argus Media
Argus is the leading independent provider of market intelligence to the global energy and commodity markets. We offer essential price assessments, news, analytics, consulting services, data science tools and industry conferences to illuminate complex and opaque commodity markets.
Headquartered in London with 1,400 staff, Argus is an independent media organisation with 30 offices in the world’s principal commodity trading hubs.
Companies, trading firms and governments in 160 countries around the world trust Argus data to make decisions, analyse situations, manage risk, facilitate trading and long-term planning. Argus prices are used as trusted benchmarks around the world for pricing transportation, commodities and energy.
Founded in 1970, Argus remains a privately held UK-registered company owned by employee shareholders and global growth equity firm General Atlantic.
Trademark notices
ARGUS, the ARGUS logo, ARGUS MEDIA, ARGUS DIRECT, ARGUS OPEN MARKETS, AOM, FMB, DEWITT, JIM JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES, METALPRICES.COM, INTEGER, Argus publication titles and Argus index names are trademarks of Argus Media Limited.
