23 May 2018

Global commodity price reporting and news agency Argus has been awarded first place for its coverage of Mexican energy markets, in an annual competition arranged by prestigious business-to-business publishing association the American Society of Business Publication Editors (ASBPE).

The editorial team responsible for the Argus Mexico Fuel Markets daily reporting service won gold for the central US division in the “Online Single Topic Coverage by a Team” category. Fuel theft is a major problem in Mexico and the effects are widespread, including deaths, costly insurance and market inefficiencies, as well as potentially deterring the investment needed to develop the market. State-owned oil company Pemex estimates that fuel theft costs the firm about $1.2bn/yr.

Argus Media chairman and chief executive Adrian Binks said: “As Mexico liberalises its fuel markets and seeks to attract billions of dollars in energy investment, fuel theft is of increasing concern. I am delighted that our coverage of this important issue attracted the attention of the ASBPE and won this coveted accolade. I would like to congratulate our team of reporters who cover the dynamic and changing Mexican markets for their hard work in bringing transparency and insight to this topic.”

Argus Mexico Fuel Markets was launched in 2017 to explore Mexico’s rapidly changing markets for gasoline, diesel, jet fuel, ethanol, propane and MTBE. It includes daily price assessments for key hubs as well as detailed news and analysis.

About Argus Media

Argus is an independent media organisation with almost 1,100 staff. It is headquartered in London and has 26 offices in the world’s principal commodity trading and production centres. Argus produces price assessments and analysis of international energy and other commodity markets and offers bespoke consulting services and industry-leading conferences.

Companies in 140 countries around the world use Argus data to index physical trade and as benchmarks in financial derivative markets as well as for analysis and planning purposes.

Argus was founded in 1970 and is a privately held UK-registered company. It is owned by employee shareholders, global growth equity firm General Atlantic and Hg, the specialist software and technology services investor.

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