Argus Asia Crack Spread Forward Curves
Independent daily crack spread forward curve data for 30+ Asia markets, supporting refinery margin analysis, trading and risk management decisions.
Overview
Argus Asia Crack Spread Forward Curves is a daily data service providing independent forward price assessments of crack spreads across Asia's oil markets. The service delivers differential forward prices between key refined oil products and crude grades, enabling refinery margin analysis, hedging decisions and risk management across a rolling 24-month forward window.
At a glance
- Daily assessments for 30+ Asia crack spread markets.
- Rolling 24-month forward view of monthly prices.
- Covers Brent Futures and Dubai Crude crack spreads.
- Timestamped at 16:30 Singapore time each day.
- Supports refinery margin analysis and hedging decisions.
- Delivered via data feed, API, Argus Direct® and more.
Key features
Daily market assessments
Forward price assessments for more than 30 Asia crack spread markets are published every business day, providing a rolling 24-month view of monthly forward prices.
Key differentials coverage
Covers differential forward prices between crude oil and refined oil products across Asia, including crack spreads based on Brent Futures and Dubai Crude forward curves.
Singapore timestamp
All assessments are timestamped at 16:30 Singapore time, aligned with Argus' physical settlement price assessments for consistent and comparable data.
Data science methodology
Curves are generated using models designed to produce reliable, representative and distortion-free market values, underpinned by an independent and transparent market-appropriate methodology.
Risk management analytics
Access and build forward curves through the Argus Data Science Studio, enabling users to calculate bespoke curves using Argus' sophisticated algorithms, comprehensive data and robust methodologies.
Flexible delivery options
Access data via data feed, third-party channel partners, Argus Direct® client portal or email, integrating seamlessly into existing analytical and risk management workflows.
Аудитория
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Source data and market inputs
Forward curves draw on current and historical data, including traded market information and Argus price assessments, all subject to rigorous quality and relevance checks. -
Forward curve production
Price spreads to more liquid markets and time periods are used to generate and fill gaps in the forward curve where market information or Argus price assessments are unavailable. -
Consistency and adjustment
Argus produces zero-arbitrage forward curves, ensuring strip prices always equal the average of their component periods. Abnormally large day-on-day changes are investigated and confirmed or revised by analysts. -
Validation and oversight
All models are under continual review, including an evaluation of conceptual soundness, ongoing monitoring and outcome analysis to ensure representative pricing. -
Corrections
Corrections are issued for clerical errors, calculation mistakes or misapplication of methodology. Published forward curve prices are not retroactively changed based on new information.
Who uses this service
Refineries
- Use forward curves to inform hedging decisions when securing refined oil supplies.
- Analyse refinery margins across forward periods to support operational planning.
- Assess crack spread values to optimise crude procurement and product sales strategies.
Risk managers
- Apply crack spread data for mark-to-market accounting and daily profit and loss assessments.
- Validate internal curves independently against unbiased, third-party assessments.
- Support value-at-risk and potential future exposure calculations across crude and product positions.
Traders and trade analysts
- Reference prior-day crack spread curves when entering the market each morning.
- Identify locational and temporal spread relationships using historical curve data.
- Value option premiums associated with forward crude and refined product contracts.
Exploration and production companies
- Determine fiscal year commitments using crack spread forward curve data.
- Assess exposure across Asia's crude and refined product markets.
- Support budget planning with reliable, independent forward price outlooks.
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Key price assessments
Argus prices are recognised by the market as trusted and reliable indicators of the real market value. Explore some of our most widely used and relevant price assessments.