Argus RIN and RVO
Overview
Renewable Identification Numbers (RINs) are a tradeable commodity, allowing the holder to demonstrate compliance with the US Renewable Fuel Standard. Obligated parties must gather a designated number of RINs for every gallon of road fuels they produce, either buying them or “detaching” them from renewable fuel that they have blended. Argus calculates the price of this renewable volume obligation (RVO) each day, depending on the market price of RINs.
Price assessment details
What are the advantages of the Argus RIN and RVO price assessments?
Argus incorporates more market liquidity than any other price reporting agency, gathering RIN trade data throughout the entire working day. Refiners, distributors and traders have accepted this methodology as being the most appropriate, the most representative and the most robust.
The Argus RVO assessment is now available as a suite of cash-settled futures contracts listed on the Intercontinental Exchange (ICE). These cash settled futures will be used by those wanting to participate in the financial trade of RVO. The suite of contracts includes monthly, daily, and balance of month offerings.
How is this assessment used?
The Argus RIN price assessments are used in long-term contracts throughout biofuels markets. The Argus RVO price assessment is used extensively as a line item in gasoline and diesel exports, which do not carry a renewable volume obligation.
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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.
