The Argus New York Harbor barge ULSD price
New York Harbor (NYH) is one of the largest clearing markets for diesel in the Atlantic basin. The price of a NYH barge is considered the bellwether of distillate demand in the US Northeast, and underpins several major futures contracts. Ultra low sulfur diesel (ULSD) loaded onto a barge typically makes its way to a truck-loading terminal, or into the Buckeye pipeline system for onward delivery to terminals in Long Island and upstate New York.
Advantages of the Argus NYH barge ULSD assessment
Argus incorporates more market liquidity into its assessments than any other price reporting agency, gathering ULSD trade data throughout the entire working day. Refiners, distributors, and traders find this methodology to be the most appropriate, the most representative and the most robust
Users of the Argus NYH barge ULSD assessment
Argus’ NYH barge ULSD assessments are used in long-term contracts, downstream pricing, transfer pricing, exchange contracts and spot trade. Their reach extends across the US Northeast, Canadian Maritimes, and Quebec. Counterparties typically use the “Argus midpoint”, an average of the low and high that Argus publishes for the day.
The Argus NYH barge ULSD assessments are also used to settle financial derivatives listed on CME and ICE. These are commonly used for hedging heating oil sales and purchases, as well as road diesel needs from larger end-user fleets.
Where to find the Argus NYH barge ULSD assessment
The price assessment is published in Argus US Products, a daily market intelligence service providing independent price assessments, news and analysis for all US oil products.
Contáctenos
Argus produce información y servicios para los mercados globales, para lo cual Argus debe compartir su información personal con empresas del grupo Argus y con proveedores de servicios que tienen su sede tanto dentro como fuera del Espacio Económico Europeo (EEE). Argus Media podrá utilizar los detalles registrados para enviarle información acerca de productos y servicios de Argus relacionados que podrían ser de interés para su negocio. Puede cancelar la suscripción a estas actualizaciones en cualquier momento. Gestionamos sus datos personales de conformidad con nuestra política de privacidad.