International energy pricing agency Argus has launched daily volume-weighted average price indexes for two leading Canadian crude streams: Western Canadian Select (WCS) and Syncrude (SYN).
Argus will publish these indexes daily, plus a cumulative volume-weighted average for each grade. The indexes will appear in the daily Argus Crude and Argus Americas Crude publications.
Argus has launched these indexes to provide buyers and sellers of Canadian crude with pricing benchmarks that reflect the full breadth of spot trade. A methodology is available on the Argus website at www.argusmedia.com/methodology.
In addition to providing volume-weighted daily price averages for WCS and SYN, Argus will continue to provide price assessments for Condensate, Mixed Sweet (MSW), Light Sour Blend (LSB) and Lloyd Blend (LLB). These latter assessments will be based on the range of trade and/or market discussion for the given day.
"We are delighted to have developed these new indexes after detailed consultation with the oil industry," Argus Media chairman and chief executive Adrian Binks says. "Argus is committed to bringing price transparency to the over-the-counter energy market, and these new Canadian crude indexes are important additions to our portfolio of services."
Argus will publish these indexes daily, plus a cumulative volume-weighted average for each grade. The indexes will appear in the daily Argus Crude and Argus Americas Crude publications.
Argus has launched these indexes to provide buyers and sellers of Canadian crude with pricing benchmarks that reflect the full breadth of spot trade. A methodology is available on the Argus website at www.argusmedia.com/methodology.
In addition to providing volume-weighted daily price averages for WCS and SYN, Argus will continue to provide price assessments for Condensate, Mixed Sweet (MSW), Light Sour Blend (LSB) and Lloyd Blend (LLB). These latter assessments will be based on the range of trade and/or market discussion for the given day.
"We are delighted to have developed these new indexes after detailed consultation with the oil industry," Argus Media chairman and chief executive Adrian Binks says. "Argus is committed to bringing price transparency to the over-the-counter energy market, and these new Canadian crude indexes are important additions to our portfolio of services."
