Argus Americas Crude
Overview
The Argus Americas Crude service provides market information and price transparency to the rapidly growing US Gulf coast markets as well as to markets in the US midcontinent, US west coast, Canada, South America and other pricing centres in the Americas. Many of the price assessments in the Argus Americas Crude product are set by a volume-weighted average of deals done, and those deals are printed in tables within the report each business day. Argus reports the market in the way that it trades and seeks to represent the entire market and capture all its liquidity.
Key features
Global benchmark prices
Argus WTI Midland and WTI Houston are the standard physical benchmark price assessments for US crude, based on the Nymex light sweet crude futures contract.
Key regional pricing
Access the latest prices for WTI, midcontinent, US Gulf coast, US waterborne, US west coast, Canada, Mexico and South America.
Historical data
View price histories for every key US crude grade, extending back to when each assessment was first published.
Market-moving news
The latest news and market commentary will ensure you stay on top of price movements and events shaping the crude industry.
Daily market reports
At the end of each trading day we publish a PDF report containing the latest prices, news and market commentary.
Unrivalled methodology
We report the US pipeline market the way that it trades, rather than imposing a one-size-fits-all methodology.
Customers that benefit
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Producers
Track our assessments and use them in contracts as a reference in negotiations as well as for calculating official selling prices.
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Traders
Identify arbitrage opportunities reassured by the knowledge that our assessments are impartial, robust and reliable for a wide range of US crude streams for domestic and internal trade.
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Refiners
Rely on our assessments when evaluating offers and use our refinery netback prices for a wide range of crude grades to identify opportunities to improve margins.
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Analysts and risk managers
Follow our market commentary, which explains the reasons behind price movements.
Product specifications
- West Texas Intermediate (WTI) Midland, fob Houston and Houston
- Mars
- Western Canadian Select (WCS) Hardisty, Cushing and Houston
- Bakken Clearbrook, DAPL injection points, Patoka, Cushing and Nederland
- Canadian domestic assessments in Alberta, including WCS, Cold Lake and Christina Dilbit Blend (CDB) at Hardisty and Access Western Blend (AWB) at Edmonton
- Canadian High-TAN in Cushing and Houston, reflecting AWB and CDB
- DJ Light, a basket of light sweet grades from the DJ basin, including White Cliffs, Saddlehorn Light, Grand Mesa Light and Pony Express Light
- Ecuadorean Napo and Oriente
- Argentinian Medanito
- AGS
- Brazilian Buzios CFR Rotterdam
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 physical trade month
In the US, the crude industry utilizes a physical trade month, that is not based on a typical calendar month nor the Nymex futures contract schedule.
Nymex roll
The commonly-used calculation to determine the physical price of crude at Cushing.
Argus WTI Midland
The Argus WTI Midland price is a volume-weighted average of spot trades. The oil price is a differential to Nymex light sweet crude futures settlement.
Argus WTI Houston
The light sweet crude oil price on the US Gulf coast is based on the Argus Houston WTI price, which is the most transparent WTI price indicator.
Argus WTI diff to CMA
The ideal adjustment factor to calculate the price of WTI at Cushing.
Argus Western Canadian Select
Argus Western Canadian Select examines Cold Lake and Western Canadian Select (WCS oil prices), the most active spots on the US Gulf Coast for heavy crude oil streams.
Argus Sour Crude Index™ (ASCI™)
The Argus Sour Crude Index™ reflects medium sour crude prices at the US Gulf Coast trading hub, mainly used by Saudi Arabia, Iraq, and Kuwait to price oil exports to the US.
Argus North Sea Dated
The Argus North Sea Dated assessment includes Brent oil prices and derivatives. In May 2023, Argus introduced WTI prices for Midland in the Brent basket and it has become a market standard.
Argus Mars
The Argus Mars is a key crude benchmark and reflects oil spot prices for the US Gulf medium sour crude blend arriving on the Mars pipeline.
Argus LLS
Argus LLS oil index reflects the light sweet crude prices for St. James's terminals in the US Gulf Coast.
Argus ESPO Blend
Pricing for light crude shipped through the East Siberia-Pacific Ocean
Argus des Shandong
Argus des Shandong reflects five oil spot markets in key regions for China oil imports.
Argus Brent Sour
An index based on the lowest priced of five fob traded North Sea grades — Johan Sverdrup, Grane, Flotta Gold, Brent and Forties.
Argus Bakken
The Bakken oil price represents light sweet crude produced in North Dakota and Montana. Bakken spot prices, key benchmarks such as Nymex WTI and Ice Brent and more.
Argus AGS
Argus AGS oil index examines the US Gulf Coast trade, seaborne and coastal refineries as well as the WTI Midland light sweet crude oil prices.
Argus TMX Fob Vancouver
Get a real view with Argus TMX market updates and comprehensive coverage
US physical trade month
In the US, the crude industry utilizes a physical trade month, that is not based on a typical calendar month nor the Nymex futures contract schedule.
Nymex roll
The commonly-used calculation to determine the physical price of crude at Cushing.
Argus WTI Midland
The Argus WTI Midland price is a volume-weighted average of spot trades. The oil price is a differential to Nymex light sweet crude futures settlement.
Argus WTI Houston
The light sweet crude oil price on the US Gulf coast is based on the Argus Houston WTI price, which is the most transparent WTI price indicator.
Argus WTI diff to CMA
The ideal adjustment factor to calculate the price of WTI at Cushing.
Argus Western Canadian Select
Argus Western Canadian Select examines Cold Lake and Western Canadian Select (WCS oil prices), the most active spots on the US Gulf Coast for heavy crude oil streams.
Argus Sour Crude Index™ (ASCI™)
The Argus Sour Crude Index™ reflects medium sour crude prices at the US Gulf Coast trading hub, mainly used by Saudi Arabia, Iraq, and Kuwait to price oil exports to the US.
Argus North Sea Dated
The Argus North Sea Dated assessment includes Brent oil prices and derivatives. In May 2023, Argus introduced WTI prices for Midland in the Brent basket and it has become a market standard.
Argus Mars
The Argus Mars is a key crude benchmark and reflects oil spot prices for the US Gulf medium sour crude blend arriving on the Mars pipeline.
Argus LLS
Argus LLS oil index reflects the light sweet crude prices for St. James's terminals in the US Gulf Coast.
Argus ESPO Blend
Pricing for light crude shipped through the East Siberia-Pacific Ocean
Argus des Shandong
Argus des Shandong reflects five oil spot markets in key regions for China oil imports.
Argus Brent Sour
An index based on the lowest priced of five fob traded North Sea grades — Johan Sverdrup, Grane, Flotta Gold, Brent and Forties.
Argus Bakken
The Bakken oil price represents light sweet crude produced in North Dakota and Montana. Bakken spot prices, key benchmarks such as Nymex WTI and Ice Brent and more.
Argus AGS
Argus AGS oil index examines the US Gulf Coast trade, seaborne and coastal refineries as well as the WTI Midland light sweet crude oil prices.
Argus TMX Fob Vancouver
Get a real view with Argus TMX market updates and comprehensive coverage
US physical trade month
In the US, the crude industry utilizes a physical trade month, that is not based on a typical calendar month nor the Nymex futures contract schedule.
Nymex roll
The commonly-used calculation to determine the physical price of crude at Cushing.
Argus WTI Midland
The Argus WTI Midland price is a volume-weighted average of spot trades. The oil price is a differential to Nymex light sweet crude futures settlement.
Argus WTI Houston
The light sweet crude oil price on the US Gulf coast is based on the Argus Houston WTI price, which is the most transparent WTI price indicator.
Argus WTI diff to CMA
The ideal adjustment factor to calculate the price of WTI at Cushing.
Argus Western Canadian Select
Argus Western Canadian Select examines Cold Lake and Western Canadian Select (WCS oil prices), the most active spots on the US Gulf Coast for heavy crude oil streams.
Argus Sour Crude Index™ (ASCI™)
The Argus Sour Crude Index™ reflects medium sour crude prices at the US Gulf Coast trading hub, mainly used by Saudi Arabia, Iraq, and Kuwait to price oil exports to the US.
Argus North Sea Dated
The Argus North Sea Dated assessment includes Brent oil prices and derivatives. In May 2023, Argus introduced WTI prices for Midland in the Brent basket and it has become a market standard.
Argus Mars
The Argus Mars is a key crude benchmark and reflects oil spot prices for the US Gulf medium sour crude blend arriving on the Mars pipeline.
Argus LLS
Argus LLS oil index reflects the light sweet crude prices for St. James's terminals in the US Gulf Coast.
Argus ESPO Blend
Pricing for light crude shipped through the East Siberia-Pacific Ocean
Argus des Shandong
Argus des Shandong reflects five oil spot markets in key regions for China oil imports.
Argus Brent Sour
An index based on the lowest priced of five fob traded North Sea grades — Johan Sverdrup, Grane, Flotta Gold, Brent and Forties.
Argus Bakken
The Bakken oil price represents light sweet crude produced in North Dakota and Montana. Bakken spot prices, key benchmarks such as Nymex WTI and Ice Brent and more.
Related documents
Argus Americas Crude
Daily PDF report providing daily benchmark prices and indexes for key crude grades globally, including WTI Midland and Houston, along with the latest news and market commentary.
Methodology
Get the most up-to-date guide to the methodology used to ensure the prices published in the Argus Americas Crude service are free from distortion and representative of spot market values.
2024 trading calendars
Our 2024 US and Canada trading calendars will help you track important crude oil trading dates, including options and futures expiries, key holidays, publishing schedules and more.
WTI supply chain pricing
Discover which price works best for your business with this infographic as you track Argus WTI crude prices along the value chain.
Argus Americas Crude
Daily PDF report providing daily benchmark prices and indexes for key crude grades globally, including WTI Midland and Houston, along with the latest news and market commentary.
Methodology
Get the most up-to-date guide to the methodology used to ensure the prices published in the Argus Americas Crude service are free from distortion and representative of spot market values.
2024 trading calendars
Our 2024 US and Canada trading calendars will help you track important crude oil trading dates, including options and futures expiries, key holidays, publishing schedules and more.
WTI supply chain pricing
Discover which price works best for your business with this infographic as you track Argus WTI crude prices along the value chain.
Argus Americas Crude
Daily PDF report providing daily benchmark prices and indexes for key crude grades globally, including WTI Midland and Houston, along with the latest news and market commentary.
Methodology
Get the most up-to-date guide to the methodology used to ensure the prices published in the Argus Americas Crude service are free from distortion and representative of spot market values.
2024 trading calendars
Our 2024 US and Canada trading calendars will help you track important crude oil trading dates, including options and futures expiries, key holidays, publishing schedules and more.
WTI supply chain pricing
Discover which price works best for your business with this infographic as you track Argus WTI crude prices along the value chain.
