Overview
The Argus Key Netbacks service is a daily summary of netbacks for crude, gasoline, naphtha, diesel, jet fuel, vacuum gasoil, fuel oil, liquefied gas. 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 in Argus Key Netbacks are updated daily, reflecting current market conditions, and are used by oil, trading and logistics companies.
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Key features
Oil products
Netbacks for a wide range of oil products
Damping coefficient
A monthly historical calculation of netbacks for diesel and gasoline taking into account the damping components, excise duties and VAT
LPG
Netbacks for LPG
Transport
Netbacks are calculated for cargoes supplied by rail, pipeline and river transport during the navigation period; the product also includes calculations for combined shipments using several modes of transport
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, to substantiate their prices before state regulators; -
Traders
use 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; -
Government authorities
use the information to analyse prices for crude and oil products for the purposes of transfer pricing.
Product specifications
The Argus Key Netbacks report uses current market data. The calculations are based on a transparent methodology. The report allows the user to analyse various export scenarios, alternative markets and assess the refining margins.