argus wti crude prices wti midland wti houston along the
TRANSCRIPT
Argus WTI crude prices along the value chainDiscover which price works best for your business
For more information, visit argusmedia.com/crude-oil
WTI Midland
WTI Houston
WTI fob Houston
Primary land colour
Secondary land colour
Blue highlight colour
Grey land colour
Crude pipeline
Gas/products pipeline
Planned pipeline
Terminal
Train
Air field
Onshore rig/producing field
Country
City
Storage
Processing facilityRail tanker
Gas processing plant
Processing facility
LPG terminal
LNG terminal
Oil rig
Bridge
Gas field
Oil field
WTI cfr
WTI cif Rotterdam
Inland US: WTI Midland
US Gulf coast: WTI Houston
Waterborne: WTI fob Houston
Delivered: WTI cif Rotterdam
Ningbo, China Port: WTI cfr
• Key price for WTI near the wellhead
• Key price for US domestic WTI at the shore • A major refining center
• WTI free-on-board price in Houston port area
• Delivered Northwest Europe price for WTI
• Delivered China price for WTI
How Argus assesses the price • Volume weighted average • Volume weighted average • Midpoint price assessment • Midpoint price assessment • Midpoint price assessment + freight
Benefits • Accurate reflection of Permian shale basin quality crude oil
• Reflects coastal value• Very liquid and transparent• Major storage hub• Extensive logistics• Hedgable
• International waterborne price• Meeting point between US
domestic suppliers and international buyers
• Reflects value of WTI traded in Rotterdam
• Used in calculation of New North Sea Dated
• Price for purchasing on shore at Ningbo, China
Price assessment uses • Swaps• Physical contracts• Internal transfer price
• Swaps• Physical contracts• Internal transfer price
• Physical contracts• Internal transfer price• Mark-to-market
• Physical contracts• Internal transfer price• Mark-to-market
• Physical contracts• Internal transfer price• Mark-to-market
Daily price assessment available in
• Argus Crude• Argus Americas Crude
• Argus Crude• Argus Americas Crude
• Argus Crude• Argus Americas Crude
• Argus Crude • Argus Crude
Price assessment names and codes for contracts
• PA0003358 WTI Midland weighted average month
• PA0016059 WTI Houston weighted average month
• PA0024937 WTI fob Houston
• PA0025158 WTI cif Rotterdam
• PA0019446 WTI Houston cfr China month
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WTI cfr