Argus Key Netbacks
Overview
The Argus Key Netbacks service is a daily summary of netbacks for crude, gasoline, naphtha, diesel, jet fuel, vacuum gasoil, fuel oil and liquefied natural gas as well as base oils. The indexes reflect the theoretical price that the largest producers in Russia and Belarus could receive for overseas shipments, less all logistics costs. The calculation includes all major destinations for pipeline, rail and river shipments from Russian and Belarusian refineries.
The methodology of the indexes is based on Argus price assessments, transshipment costs, transport tariffs and applicable taxes. The data are updated daily, reflecting current market conditions, and are used by oil, trading and logistics companies.
Key features
Extensive coverage
Netbacks for a wide range of oil products, including base oils.
Robust methodologies
Price assessments are underpinned by robust, transparent and credible methodologies, developed with the industry to ensure our price assessments are a true reflection of how the market trades.
Damping coefficient
A monthly historical calculation of netbacks for diesel and gasoline, taking into account the damping components, excise duties and VAT.
Transport data
Netbacks are calculated for cargoes supplied by rail, pipeline and river transport during the navigation period, and include calculations for combined shipments using several modes of transport.
Market-moving news
Access the latest news published by our expert team of reporters to ensure you stay on top of market developments.
Customers that benefit
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Oil companies, producers and refiners
Use the information contained in the report to analyse the profitability of exports, to choose the best export destinations and to substantiate their prices before state regulators.
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Traders
Utilise the information to analyse the market and choose the best export destinations.
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Analysts, consultants and banks
Use the data to analyse the market environment and produce forecasts.
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Government authorities
Utilise the information to analyse prices for crude and oil products for the purposes of transfer pricing.