The Argus European Crude Oil Forward Curves service is a powerful, independent market valuation tool to support investment and trading decisions in crude oil markets across Europe.

Participants in energy and related commodity markets need to see accurate forward prices from a source without distortion or bias. 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. The Argus European Crude Oil Forward Curves service provides deep market insights and data to support precision in your risk management and cost decisions.

Key features


Daily assessments

Daily assessments for 25 crude grades, providing monthly, quarterly and yearly granularity of forward prices.



Time-stamped at 4:30 p.m. London time, in alignment with Argus’ physical settlement price assessments.


Brent swap differentials

Comprehensive swap differentials to Brent futures prices.


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

The European Crude Oil Forward Curves service is essential for anyone with exposure to European crude oil. Below are examples of how some clients use this service:
  • Exploration and production companies

    Use our curves services to determine commitments for the coming fiscal year.

  • Refineries

    Use curves to inform hedging decisions when securing crude oil supplies and to analyse margins at their facilities.
  • 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.

  • 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

  • Futures: North Sea Brent; WTI Cushing
  • Mediterranean: Es Sider, Saharan Blend, Kirkuk
  • Mideast Gulf: Basrah Heavy, Basrah Medium, Dubai, Oman
  • North Sea: WTI Houston CIF Rotterdam, Brent, Forties, Ekofisk, Oseberg, Johan Sverdrup
  • North Sea Dated: BFOE
  • Russia-Caspian: Azeri Light, BTC Blend, CPC Blend, Urals Mediterranean 80,000t, Urals Primorsk
  • West Africa: Bonny Light, Dalia, Girassol, Hungo
  • European crude oil forward curves (monthly curves, quarterly blocks, calendar blocks)
  • Asia crude differentials to Brent
  • European crude time spreads
  • Email
  • Excel format
  • Excel add-in
  • FTP – CSV file
  • API – CSV file
  • Argus Direct client portal
  • Argus Data Science Studio
  • Third party channel partners

The Argus Data Science Studio makes forward curves more powerful than ever before. Through our sophisticated algorithms, comprehensive data and robust methodologies, you can build and calculate your own curves, unique to your business.

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

Argus Forward Curves

We offer a full suite of forward curves across key energy and commodity markets. Support your investment and trading decisions with our powerful, independent market valuation tool.

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