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Argus Forward Curves Services

Summary

Argus forward curves provides a powerful, independent market valuation tool to support investment and trading decisions. Argus uses market data, statistical analysis, proprietary models and algorithms, to arrive at the forward curve prices.

Using a wide range of data sources to determine market value for liquid locations and forward periods, Argus uses time and locational spreads to liquid markets as the basis for illiquid locations and terms.

Applications

  • Forward curve validation
  • Mark-to-market accounting
  • Value-at-risk
  • Deal and asset valuation
  • Potential future exposure
  • Scenario analysis
  • Valuing option premiums
  • Strategic and corporate planning

Key Features

  • Daily forward price assessments for crude oil, refined products, NGL, coal, power and natural gas energy markets
  • Basis differentials to futures contracts and other physical grades and locations
  • Independent and transparent market-appropriate methodology

Delivery options include:

  • Email
  • FTP data feed
  • Third party delivery partners 

Methodologies

Argus aims to produce reliable, representative price assessments of commodity market values, free from distortion and representative of fair market values. Argus forward curves are assessments of market value for forward contracts and financial swaps contracts at predetermined time periods such as months and calendar years. Forward curve prices are not forecasts of future values but instead are assessments of the price of delivery of a commodity at a future date if transacted today.

Crude Oil | Nat Gas Forward Curves | NGL | Refined Products | Power Forward Curves | Heat Rate Curves | Nat Gas Implied Volatilities | Power Implied Volatilities | North American Correlation Curves | Coal
| Asia-Pacific Crude | Asia-Pacific Refined Products | European Crude Oil Forward Curves







Crude Oil Grades and Locations

US Midcontinent

  • West Texas Sour (WTS): (Midland, TX)
  • West Texas Intermediate: (Midland, TX)
  • Bakken: (Clearbrook, MN)
  • Western Canadian Select (WCS): (Cushing, OK) 

US West Coast

  • ANS (Alaska North Slope)

Canadian

  • Western Canadian Select (WCS): (Husky at Hardisty)
  • Syncrude (SYN): (Pembina AOSP at Edmonton)
  • Edmonton C5: (Enbridge CRW pool at Edmonton)
  • Light Sour Blend (LSB): (Enbridge or Westpur at Cromer)
  • Mixed Sweet Blend (MSW): (Enbridge at Edmonton
  • Lloydminster Blend (LLB): (Hardisty) 

US Gulf Coast

  • ASCI (Argus Sour Crude Index)
  • Bonito: (St. James, LA)
  • Eugene Island: (St. James, LA)
  • Heavy Louisiana Sweet (HLS): (Empire, LA)
  • Light Louisiana Sweet (LLS): (St. James, LA)
  • LLS financial swap (E5)
  • Mars: (Clovelly, LA)
  • Poseidon: (Houma, LA)
  • Southern Green Canyon (SGC): (Nederland or Texas City, TX)
  • Thunder Horse: (Clovelly, LA) 
  • Western Canadian Select Houston (WCS Houston)
  • West Texas Intermediate Houston (WTI Houston) 

Futures Markets

  • ICE Brent Crude Oil
  • CME NYMEX Light Sweet Crude Oil (WTI) Futures
  • CME NYMEX Light Sweet Crude Oil (WTI) Futures Calendar Month Average (CMA)

Learn more about the Argus NA Crude Oil Forward Curves methodology

For more information about Argus North American Crude Oil Forward Curves, contact:
email icon moreinfo@argusmedia.com



Argus North American Natural Gas Markets

Gulf Coast/South Texas
North American Forward Curves
Implied Volatility
Financial Physical Illiquid Markets
ANR - SE
Carthage
CG Onshore
FGT - Z1
FGT - Z2
FGT - Z3
Henry Hub NYMEX
HSC
Katy
NGPL - STX
Sonat
TETCO - ELA
TETCO - ETX
TETCO - M1 30
TETCO - STX
TETCO - WLA
TGP - 500
TGP - 800
TGP - Z0
TGT - SL
TGT - Zone 1
Transco Zone 1
Transco Zone 2
Transco Zone 3
Transco Zone 4
Trunkline-LA






Futures






























































































Midwest


Implied Volatility
Financial Physical Illiquid Markets
ANR - SW
Centerpoint
CG Mainline
Chicago CG
Dawn
Michcon CG
NGPL - Midcont.
NGPL - TxOk
NNG Demarc
NNG Ventura
Oneok
PEPL
Southern Star
ANR ML7
Consumers CG
TCPL - Enbridge CDA
Union - Parkway 



























































Northeast

Implied Volatility
Financial Physical Illiquid Markets
Algonquin
Dominion
Dracut
Iroquois Zone 2
Leidy Hub
Leidy Line
Niagara
TCO
TETCO - M2
TETCO - M3
TGP - Z4 (Marcellus)
TGP - Z6 dvld.
Transco Z5 dvld.
Transco Zone 6 (non-NY)
Transco Zone 6 (NY)
Waddington
TGP - Z4 (200 line)





































































West

Implied Volatility
Financial Physical Illiquid Markets
AECO
AECO (CAD/GJ)
CIG Rockies
Empress
EP Permian
EP San Juan
Kern River
Malin
NWPL Rockies
Opal
PG&E CG
Socal
Sumas
TW Permian
Waha
























































Learn more about the Argus North American Natural Gas Forward Curves methodology
Learn more about the Argus North American Natural Gas Implied Volatilities methodology
Learn more about the Argus North American Electricity Forward Curves methodology

For more information about Argus North American Natural Gas Curves, contact:
email icon moreinfo@argusmedia.com



Argus NGL Americas Forward Curves Markets
Mont Belvieu Physical Swap
EP Mix
Ethane
Propane LST
Propane
Propane Targa
Butane LST
Butane
Isobutane LST
Isobutane
Natural Gasoline


















Conway Physical Swap
EP Mix
Propane
Butane
Isobutane
Natural Gasoline








Edmonton:
Physical Swap
Propane
Butane



Sarnia
Physical Swap
Propane
Butane
Isobutane





Futures Markets Market
CME NYMEX
CME NYMEX
CME NYMEX
Cushing WTI (CL)
Henry Hub (NG)
Rbob (RB)

Learn more about the Argus NGL Americas Forward Curves methodology

For more information about Argus NGL Americas Forward Curves, contact:
email icon moreinfo@argusmedia.com



Refined Products Forward Curves Markets
Chicago Physical Swap
CBOB
Ethanol Rule 11
Gasoline
Jet Fuel
RBOB
ULSD










Group 3 Physical Swap
CBOB
ULSD


Los Angeles Physical Swap
Jet Fuel
CARBOB
ULSD




New York Harbor Physical Swap
CBOB
Gasoline
Heating Oil (500ppm)
Jet Fuel
RBOB
Residual Fuel Oil 1%
ULS Heating Oil
ULSD
A1, A2, summer RVP, 7.8
M1, M2, summer RVP, 7.8












US Gulf Coast Physical Swap
87 octane gasoline (Waterborne)
93 octane gasoline
Alkylate
CBOB
Gasoline
Heating Oil
Jet Fuel
Naphtha 40 N+A
Naphtha Full Range
Naphtha LSR (Light Straight Run)
Natural Gasoline
RBOB
Reformate
Residual Fuel Oil 3%
ULSD
















A1, A2, summer RVP, 7.8, 9.0
M1, M2, summer RVP, 7.8, 9.0










Futures Markets Market
CME NYMEX
CME NYMEX
NY Harbor ULSD (HO)
NY Harbor RBOB (RB)

Learn more about the Argus US Refined Products Forward Curves methodology

For more information about Argus US Refined Products Forward Curves, contact:
email icon moreinfo@argusmedia.com



Argus International Coal Forward  Curve Markets

Anchored to Argus assessments for:

 cif ARA
fob Richards Bay fob Illinois Basin Fob Powder River Basin 
Fob Baltic Ports


Fob Puerto Bolivar



Fob Richards Bay 5,500 kcal/kg



Fob Vostochny   
   
Fob Qinhuangdao 5,500 kcal/kg     ■     
 Cfr East India 5,500 kcal/kg    ■     
 Fob Indonesia 5,800 kcal/kg (GAR)    ■
   
 Fob Indonesia 5,500 kcal/kg (GAR)    ■
 
 
 Illinois Basin 11,500      ■

 Powder River Basin 8,800       ■ 

For more information about Argus International Coal Forward Curves
email icon moreinfo@argusmedia.com



Argus North American Power Markets
ERCOT Electricity Curves Implied Volatilities
Houston Load Zone
Houston Zone
North Load Zone
North Zone
South Zone
South Load Zone
West Zone
West Load Zone














FRCC Electricity Curves Implied Volatilities
Florida

ISO-NE Electricity Curves Implied Volatilities
Connecticut Zone
Mass Hub
Maine Zone
NEMA Zone
New Hampshire Zone
Rhode Island Zone
SEMA Zone
WCMA Zone









MISO Electricity Curves Implied Volatilities
DEOK Hub
Texas Hub
Illinois Hub
Indiana Hub
Michigan Hub
Minnesota Hub
Louisiana Hub
Arkansas Hub














NYISO Electricity Curves Implied Volatilities
Zone A
Zone B
Zone C
Zone D
Zone E
Zone F
Zone G
Zone H
Zone I
Zone J
Zone K















 




PJM Electricity Curves Implied Volatilities
AD Hub
ATSI Zone
BGE Zone
ComEd Zone
East Hub
JCPL Zone
Meted Zone
NI Hub
Peco Zone
PEPCO Zone
PPL Zone
PSEG Zone
West Hub
























SERC Electricity Curves Implied Volatilities
Southern


SPP Electricity Curves Implied Volatilities
SPP North Hub
SPP South Hub


VACAR Electricity Curves Implied Volatilities
VACAR


WSPP Electricity Curves Implied Volatilities
COB
Four Corners
Mead
Mid C
NP 15
Palo Verde
SP 15
AECO Zone
AEP Zone
APS Zone
Dayton Zone
Duquesne Zone
Penelec Zone
RECO Zone




















Learn more about the Argus North American Electricity Forward Curves methodology
Learn more about the Argus North American Electricity Implied Volatilities methodology
Learn more about the Argus North American Correlation Curves methodology

For more information about Argus North American Power Curves, contact:
email icon moreinfo@argusmedia.com



Argus North American Heat Rate Curves Markets
Electricity Market Gas Market
  • ERCOT - Houston Load Zone
  • ERCOT - North Load Zone
  • ERCOT - South Zone
  • ERCOT - South Load Zone
  • ERCOT - West Zone
  • ERCOT - West Load Zone
  • ERCOT - Houston Zone
  • ERCOT - North Zone
  • FRCC - Florida
  • ISO-NE - Connecticut Zone
  • ISO-NE - Mass Hub
  • MISO - DEOK Hub
  • MISO - Entergy
  • MISO - Illinois Hub
  • MISO - Indiana Hub
  • MISO - Michigan Hub
  • MISO - Minnesota Hub
  • NYISO - Zone A
  • NYISO - Zone B
  • NYISO - Zone C
  • NYISO - Zone D
  • NYISO - Zone E
  • NYISO - Zone F
  • NYISO - Zone G
  • NYISO - Zone H
  • NYISO - Zone I
  • NYISO - Zone J
  • NYISO - Zone K
  • PJM - AD Hub
  • PJM - ATSI Zone
  • PJM - BGE Zone
  • PJM - ComEd Zone
  • PJM - East Hub
  • PJM - JCPL Zone
  • PJM - Meted Zone
  • PJM - NI Hub
  • PJM - Peco Zone
  • PJM - PEPCO Zone
  • PJM - PPL Zone
  • PJM - PSEG Zone
  • PJM - West Hub
  • SERC - Southern
  • SPP - SPP North Hub
  • SPP - SPP South Hub
  • VACAR - VACAR
  • WSPP - COB
  • WSPP - Four Corners
  • WSPP - Mead
  • WSPP - Mid C
  • WSPP - NP 15
  • WSPP - Palo Verde
  • WSPP - SP 15
  • HSC
  • WAHA
  • HSC
  • WAHA
  • WAHA
  • WAHA
  • KATY
  • KATY
  • FGT - Z3
  • ALGONQUIN
  • ALGONQUIN
  • TCO
  • Centerpoint
  • CHICAGO CG
  • TCO
  • Michcon CG
  • CHICAGO CG
  • NIAGARA
  • NIAGARA
  • ALGONQUIN
  • ALGONQUIN
  • TRANSCO ZONE 6 (NY)
  • TCO
  • TETCO - M3
  • Transco Zone 6 (non-NY)
  • CHICAGO CG
  • Transco Zone 6 (non-NY)
  • Transco Zone 6 (non-NY)
  • Transco Zone 6 (non-NY)
  • CHICAGO CG
  • Transco Zone 6 (non-NY)
  • Transco Zone 6 (non-NY)
  • TETCO - M3
  • Transco Zone 6 (non-NY)
  • TETCO - M3
  • TETCO - ELA
  • PEPL
  • PEPL
  • TCO
  • PG&E CG
  • EP San Juan
  • EP PERMIAN
  • MALIN
  • PG&E CG
  • EP PERMIAN
  • Socal

Learn more about the Argus North American Heat Rate Curves methodology

For more information about Argus North American Heat Rate Curves, contact:
email icon moreinfo@argusmedia.com