Argus US Crack Spread Forward Curves
Overview
Argus US Crack Spread Forward Curves service is an independent market valuation tool to support investment and trading decisions in North American oil markets. The service provides daily differential forward prices between key refined oil products and various crude grades.
Our clients act with confidence because our forward curves are built from unbiased and transparent industry-specific methodologies that produce representative market values free from distortion.
Key features
Daily assessments
Daily assessments for 45 crack spread markets, providing a rolling 24 month view of monthly forward prices.
Key differentials
Price differences between crude oil and refined product markets across North America.
Time-stamped
Time-stamped at 6 p.m. CPT time, in alignment with Argus’ physical settlement price assessments.
Robust methodology
Independent and transparent market-appropriate methodology.
Delivery options
Receive our forward curve data via data feed, third-party channel partners, our client portal or via email.
Customers that benefit
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Exploration and production companies
Use our curves services to determine commitments for the coming fiscal year.
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Refineries
Use curves to inform hedging decisions when securing refined oil supplies and to analyse margins at their facilities.
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Risk managers
Use our forward curves data for unbiased, third-party curve validation against counterparties, internal valuations, and for mark-to-market purposes for daily profit and loss assessments.
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Traders
Rely on our extensive historical analysis to determine locational and temporal spread relationships and use prior day curves on a daily basis as a reference when entering the market the following morning.
Product specifications
- Gulf Coast Gasoline-M2 (9.0 RVP)
- Gulf Coast ULSD
- Gulf Coast Jet Fuel
- Chicago CBOB
- Chicago RBOB
- Chicago ULSD
- Chicago Jet Fuel
- Group 3 CBOB
- Group 3 ULSD
- LA reg CARBOB
- LA ULSD
- LA Jet Fuel
- NY Harbor RBOB
- NY Harbor ULSD
- NY Harbor Jet Fuel
- WTI Houston
- WTL Midland
- LLS
- WCS
- ANS
- Brent
- Multi crack forwards
- Single crack forwards
- Excel format
- Excel add-in
- FTP – CSV file
- API – CSV file
- Argus Direct client portal
- Argus Date Science Studio
- Third party channel partners
Argus forward curves are a proven, reliable tool for analytical and risk-management processes, including:
- Mark-to-market (MTM) accounting
- Value-at-risk (VaR)
- Potential future exposure (PFE)
- Deal valuation
- Regression analysis
- Scenario analysis
- Valuing option premiums associated with forward crude contracts
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.
US coking coal
Argus provides three fob Hampton Roads coking coal price assessments — low-volatile, high-volatile type A (HVA) and high-volatile type B (HVB).
Petroleum coke: Argus fob USGC high sulphur coke index
The Argus fob US Gulf 6.5pc sulphur 40 HGI petroleum coke index is the benchmark price reference for coke originating in the US Gulf and midcontinent and shipping to the seaborne market.
Gasoil diesel 50ppm fob offshore Lome STS cargo
The market’s first and only price assessment of low sulphur gasoil cargo for West Africa.
Diesel & HVO monthly averages
Baltic wood pellet
The fob Baltic wood pellet price assessment is the price reference for wood pellets sold out of Baltic ports in the 90-day spot window. It is also known as Argus fob Riga.
Argus steel scrap cfr Taiwan
The LME Steel Scrap CFR Taiwan (Argus) is a cash settled futures contract based on the reported arithmetic monthly average of Argus’ Ferrous scrap HMS 1/2 (80:20) containerised CFR Taiwan price.
Argus Southeast Asia cfr standard MOP
The Southeast Asia cfr Standard MOP assessment is the region’s leading spot price reference.
Argus SO2
Argus publishes current-vintage daily SO2 assessments and weekly and monthly indexes that are the industry-accepted benchmarks in the North American emissions markets.
Argus Romania VTP
Argus produces benchmark assessments of the value of natural gas contracts trading at the Romania VTP, one of Europe’s key gas production and consumption centres.
Argus non-oxy “E10” cargo gasoline
Links the UK and northwest European gasoline cargo markets.
Argus NYH RBOB barge gasoline
NYH barge, the bellwether of gasoline demand in the US Northeast.
Argus Middle East sulphur fob
The Argus Middle East sulphur fob price assessment is a significant market reference point and Argus publishes the price on a weekly basis.
Argus Middle East fob ammonia
Argus publishes this price on a weekly basis, inclusive of shipments loading from Saudi Arabia, Qatar, Bahrain, Kuwait, UAE and Oman, and also considers netbacks from price movements in key cfr export markets.
Argus jet fuel cif West Mediterranean cargo
The assessment is typically based on indications of trade, bids and offers expressed on an exchange-for-physical basis or as a differential to CIF Northwest European cargo price levels.
Argus Germany vDIP
Supplementary Price Assessments for the German Transport Sector
Argus daf western border Ukraine propane-butane mix
Capturing the value of LPG delivered to Ukraine.
US coking coal
Argus provides three fob Hampton Roads coking coal price assessments — low-volatile, high-volatile type A (HVA) and high-volatile type B (HVB).
Petroleum coke: Argus fob USGC high sulphur coke index
The Argus fob US Gulf 6.5pc sulphur 40 HGI petroleum coke index is the benchmark price reference for coke originating in the US Gulf and midcontinent and shipping to the seaborne market.
Gasoil diesel 50ppm fob offshore Lome STS cargo
The market’s first and only price assessment of low sulphur gasoil cargo for West Africa.
Diesel & HVO monthly averages
Baltic wood pellet
The fob Baltic wood pellet price assessment is the price reference for wood pellets sold out of Baltic ports in the 90-day spot window. It is also known as Argus fob Riga.
Argus steel scrap cfr Taiwan
The LME Steel Scrap CFR Taiwan (Argus) is a cash settled futures contract based on the reported arithmetic monthly average of Argus’ Ferrous scrap HMS 1/2 (80:20) containerised CFR Taiwan price.
Argus Southeast Asia cfr standard MOP
The Southeast Asia cfr Standard MOP assessment is the region’s leading spot price reference.
Argus SO2
Argus publishes current-vintage daily SO2 assessments and weekly and monthly indexes that are the industry-accepted benchmarks in the North American emissions markets.
Argus Romania VTP
Argus produces benchmark assessments of the value of natural gas contracts trading at the Romania VTP, one of Europe’s key gas production and consumption centres.
Argus non-oxy “E10” cargo gasoline
Links the UK and northwest European gasoline cargo markets.
Argus NYH RBOB barge gasoline
NYH barge, the bellwether of gasoline demand in the US Northeast.
Argus Middle East sulphur fob
The Argus Middle East sulphur fob price assessment is a significant market reference point and Argus publishes the price on a weekly basis.
Argus Middle East fob ammonia
Argus publishes this price on a weekly basis, inclusive of shipments loading from Saudi Arabia, Qatar, Bahrain, Kuwait, UAE and Oman, and also considers netbacks from price movements in key cfr export markets.
Argus jet fuel cif West Mediterranean cargo
The assessment is typically based on indications of trade, bids and offers expressed on an exchange-for-physical basis or as a differential to CIF Northwest European cargo price levels.
Argus Germany vDIP
Supplementary Price Assessments for the German Transport Sector
Argus daf western border Ukraine propane-butane mix
Capturing the value of LPG delivered to Ukraine.
US coking coal
Argus provides three fob Hampton Roads coking coal price assessments — low-volatile, high-volatile type A (HVA) and high-volatile type B (HVB).
Petroleum coke: Argus fob USGC high sulphur coke index
The Argus fob US Gulf 6.5pc sulphur 40 HGI petroleum coke index is the benchmark price reference for coke originating in the US Gulf and midcontinent and shipping to the seaborne market.
Gasoil diesel 50ppm fob offshore Lome STS cargo
The market’s first and only price assessment of low sulphur gasoil cargo for West Africa.
Diesel & HVO monthly averages
Baltic wood pellet
The fob Baltic wood pellet price assessment is the price reference for wood pellets sold out of Baltic ports in the 90-day spot window. It is also known as Argus fob Riga.
Argus steel scrap cfr Taiwan
The LME Steel Scrap CFR Taiwan (Argus) is a cash settled futures contract based on the reported arithmetic monthly average of Argus’ Ferrous scrap HMS 1/2 (80:20) containerised CFR Taiwan price.
Argus Southeast Asia cfr standard MOP
The Southeast Asia cfr Standard MOP assessment is the region’s leading spot price reference.
Argus SO2
Argus publishes current-vintage daily SO2 assessments and weekly and monthly indexes that are the industry-accepted benchmarks in the North American emissions markets.
Argus Romania VTP
Argus produces benchmark assessments of the value of natural gas contracts trading at the Romania VTP, one of Europe’s key gas production and consumption centres.
Argus non-oxy “E10” cargo gasoline
Links the UK and northwest European gasoline cargo markets.
Argus NYH RBOB barge gasoline
NYH barge, the bellwether of gasoline demand in the US Northeast.
Argus Middle East sulphur fob
The Argus Middle East sulphur fob price assessment is a significant market reference point and Argus publishes the price on a weekly basis.
Argus Middle East fob ammonia
Argus publishes this price on a weekly basis, inclusive of shipments loading from Saudi Arabia, Qatar, Bahrain, Kuwait, UAE and Oman, and also considers netbacks from price movements in key cfr export markets.
Argus jet fuel cif West Mediterranean cargo
The assessment is typically based on indications of trade, bids and offers expressed on an exchange-for-physical basis or as a differential to CIF Northwest European cargo price levels.
Related documents
Methodology
Get the most up-to-date guide to the methodology used to ensure the prices published in the Argus US Crack Spread Forward Curves are free from distortion and representative of spot market values.
Forward curves primer
An introduction to forward curves – what are they, how are they produced and why do they matter.
