The ARGUS Sour Crude Index (ASCI) daily price indexes reflect medium sour crude at the US Gulf coast trading hub, and are used primarily by Saudi Arabia, Iraq and Kuwait to price exports to the US. Since 2010 the Saudi's shifted their America regional price formulas to ASCI from WTI at Cushing because the former is a more representative Gulf Coast price for the type of sour crudes that make up the majority of Saudi imports to the U.S. Argus Sour Crude Index (ASCI) is an index published by Argus Media. Mr. Jakob drew a parallel with the Argus sour . Nov 5 (Reuters) - Saudi Arabia's state oil producer Aramco raised its December official selling price (OSP) to Asia for its flagship Arab light crude to $2.70 a barrel versus Oman/Dubai crude, up $1.40 from November, the company said on Friday. Price. Current quotes, charts, news, historical data, and analysis for ARGUS SOUR CRUDE INDEX CAL SEPTEMBER 2024 (Q37.U24) Future It raised the price to the United States to a premium of $1.65 per barrel over ASCI ( Argus Sour Crude Index ), up $0.30 from July, the document showed. Source: U.S. Energy Information Administration, based on data from Bloomberg 4. ASCI averaged a $2.50/bl discount to Brent so far this quarter 25pc lower than the same quarter last year and 44pc lower than the five-year average for the quarter. Stub This article has been rated as Stub-Class on the project's quality scale. For Saudi Arabia, the A.S.C.I. To fill the gap, we are launching Argus Brent Sour - a new index that will help sellers and buyers agree price levels for heavier sourer grades. Argus Media The Crude Report: Argus Brent Sour - a new crude index for Europe What does ASCI mean?. Argus China Crude Daily is now available to Argus Crude subscribers for no additional charge. The Battle of the Benchmarks: Brent vs. WTI. 18 Aug 2022. Brent crude oil is actually a mixture of crude oil produced from around 20 different fields . Argus has nearly 1,000 staff members across the world's principal commodity trading and production centres. The Caribbean is growing more important as an oil trading center with the emergence of a possible new sour crude benchmark in the Argus Sour Crude Index; China eyes Caribbean fuel market BAGHDAD / Aswat al-Iraq: Iraq may change its crude oil pricing index from West Texas Intermediate (WTI) to Argus Sour Crude Index (ASCI) within the coming few . LONDON, Nov 11 (Reuters) - IntercontinentalExchange (ICE) ICE.N will list two cash settled futures contracts tracking Argus Media's sour crude index in early December, it said on Wednesday. Argus was founded in 1970 and is a privately held UK-registered company. Learn more at www.argusmedia.com. United States. Argus Sour Crude Index (ASCI) vs. WTI Diff Spread Calendar MonJth Swap Futures futures price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. This article is within the scope of WikiProject Energy, a collaborative effort to improve the coverage of Energy on Wikipedia. In 2010 Argus reported that daily production of ASCI crudes averaged 740 Mb/d in Q1 with 579 Mb/d . The Argus Sour Crude Index(ASCI) is a pricing tool used by buyers, sellers and traders of imported crude oilfor use in long-term contracts. Yet most of the world deals with sour (higher sulfur) crude. was a better reflection of its heavy sour crude output than the W.T.I. After he was killed by Hermes his eyes were transferred to the peacock's tail 2. a vigilant person; guardian . Platts said the assessment is made up of a weighted average of three of the North Sea's higher-sulfur crude streams, namely . Crude Diff - Argus Sour Crude Index (ASCI) Diff Calendar Future Download Description In respect of daily settlement, the Floating Price will be determined by ICE using price data from a number of sources including spot, forward and derivative markets for both physical and financial products. Argus is a leading provider of business intelligence reports, price assessments, market data, events and consulting services for the energy and commodity industry. The OSP of Arab Light crude to Asia has been reduced from a record +9.8$ differential over the Oman-Dubai average to a +5.85$/bbl differential. Argus Sour Crude Index vs. WTI Diff Spread Calendar Month Swap Futures DTN root symbol: Q38 Argus WTI Formula Basis Calendar Month Swap DTN root symbol: Q39 Listing Date: November 23, 2009 Trading hours: 0800 - 1330. The Argus Sour Crude Index (ASCI) averaged a $4.90/bl discount to Brent during the same period. The company set the Arab Light OSP to Northwestern Europe at a discount of 30 cents a barrel over ICE . index, based on a lighter, sweeter oil. The Argus Sour Crude Index (ASCI) was launched in May this year to represent the daily value of US Gulf coast medium sour crude, based on physical spot market transactions. Quantum Commodity Intelligence - Price reporting agency S&P Global Platts has launched the Platts European Sour Crude Index, effective 17 August, as a replacement for the long-standing flagship Urals quote. DUBAI: Saudi Arabia has raised the selling prices for its crude grades to all destinations for July, a day after OPEC, led by Riyadh, and its allies agreed to extend record oil production cuts until the end of July. I have no doubt you've heard of the major benchmarks before today. DTN_MarketData-DTN's Market Data Experts-Posts: 745 Joined: Jul 15, 2004: It is typically used for pricing crude oil exports to the United States and is derived from the prices of three sour crude oils produced in the United States. For buyers in West Europe, the Arab Light price differential versus the ICE Brent was set above $5.30 per barrel in August, Saudi Aramco said in a statement obtained by . in the same vein, argus media launched in may 2009 and publishes daily now argus sour crude index (or shortly asci), which is based on sour oil production in u.s. gulf of mexico (offshore lousiana), and is a useful pricing tool used by buyers, sellers and traders of imported crude oil for use in long-term contracts and has been adopted as the HOUSTON, Jan 28 (Reuters) - Most questions at an oil industry workshop on the new U.S. Gulf Coast sour crude index on Thursday concerned how to use it, not whether it will work, the president of. 29\H25 - Stock Quote, Charts, Trade History, Share Chat, Financials. Saudi Aramco announced today, Sept. 6, its October official selling price (OSP) to North America for its flagship Arab Light crude at $6.15 per barrel above the Argus Sour Crude Index (ASCI). A survey by Bloomberg last week suggested the price could be as low as +5.42$/bbl. Mars has averaged just a $3.25/bl discount to LLS in the second quarter so far. To fill the gap, we have launched Argus Brent Sour - a new index that will help sellers and buyers agree price levels for heavier sourer grades. The ASCImethodology[1]creates a single daily volume-weighted average price index of aggregate deals done for three component crude grades as if they were one grade of crude oil. Major producers are switching benchmarks or going in a different direction all together. Contents. The price of the Arab Light benchmark sold in the United States in June was unchanged from the previous month, at $5.65 per barrel above the Argus Sour Crude Index (ASCI). In sum- mary, the ASCI price is calculated as follows, and is shown in an example on this page. Source of key prices: Argus Sour Crude Index Argus Condensate Index USGC crude markers for Asia-Pacific WTI & WCS Houston delivered to China Contact us for more info: Singapore@argusmedia +64 6496 9898 of the ArgusCrude market The daily ASCI price is the volume-weighted average of all transactions for three grades of Gulf Coast crude combined: Mars, Poseidon and Southern Green Canyon. Argus Sour Crude Index Calendar Month Swap Futures: 37\Q23: NYMEX: Future: 08/9/2023 Price Change Price Change % Future Price Last Trade ; 0.00: 0.0%-Open Price Low Price High Price Close Price Previous Close; Trades Futures Traded Average Volume Last Trading Date; 0: 0-31/8/2023: Last Trade Type Quantity Both are sweet (low sulfur) grades. Argus Crude Daily analysis and pricing for more than 80 different internationally-traded crude streams. Aramco increased the OSP to Northwestern Europe to plus $0.70 a barrel over ICE Brent, up $0.40 from the previous month. Trade ideas, forecasts and market news are at your disposal as well. For further information contact Seana Lanigan in London at +44 20 7780 4200, Tammy Tiedt. Simply reach out to your Argus account manager or email sales@argusmedia.com to opt in. Crude oil exported to the United States has an OSP based on the Argus Sour Crude Index (ASCI), which is a price index based on crude oil produced from oil fields (Mars, Southern Green Canyon, and Poseidon) in the U.S. Gulf Coast. Coal (ICI 4) Indonesian Coal Index (Argus/Coalindo) Futures: 1126: LLS (Argus) vs. WTI Trade Month Average Price Option: 1128: LLS (Argus) vs. WTI Crude Oil Average Price Option: 1129: LLS (Argus) vs. Brent Crude Oil Average Price Option: 1130: LLS (Argus) Crude Oil Average Price Option: 1131: Micro Coal (API 5) FOB Newcastle (Argus/McCloskey . The three crude oil grade components are Mars,. Argus Sour Crude Index ASCI Trade Month Futures FREE interactive charts, analysis tools & prices Argus Sour Crude Index. View live ARGUS SOUR CRUDE INDEX (ASCI) VS. WTI DIFF SPREAD TRADE MONTH FUTURES (OCT 2025) chart to track latest price changes. Argus Sour Crude Index (ASCI) Trade Month Futures Crude Oil View an Energy Product Argus Sour Crude Index (ASCI) Trade Month Futures Globex Code 29V2 Last - Change - Volume - Add to portfolio as of September 08 2022, 07:07am CT Quotes Settlements Volume & OI Time & Sales Specs Margins Calendar If you are not currently an Argus Crude subscriber but would like to download a sample of Argus China Crude Daily, complete the form on this page now. Oil Rises After Crude Price Hike by Saudi Arabia. The ASCI methodology creates a single daily volume-weighted average price index of aggregate deals done for three component crude grades as if they were one grade of crude oil.. The Crude Report: Argus Brent Sour - a new crude index for Europe August 1, 2022 The shunning of Russian Urals in Europe's spot crude oil market has left a hole in supply, and also in price identification. Trade ideas, forecasts and market news are at your disposal as well. Become a member for free. Breaking News . Saudi Aramco will switch to a new measure known as the Argus Sour Crude Index for its U.S. sales next year, abandoning WTI. It is calculated by combining prices from three blends of oil from the Gulf of Mexico: each blend consists of oil from several fields. It is classified as a light, sweet crude, and it requires less processing than heavier oils to comply with environmental standards when burned as fuel. View live ARGUS SOUR CRUDE INDEX (ASCI) TRADE MONTH FUTURES (OCT 2025) chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well. Argus is a leading provider of data on prices and fundamentals, news, analysis, consultancy services and conferences for the global crude, oil products, natural gas, electricity, coal, emissions,. June 08, 2020, 07:01 IST. The tables below show the full FOB prices for July in U.S. dollars. Brazil's Petrobras (NYSE: PBR)recently switched its benchmark pricing from WTI to Brent [while] Saudi Arabia, Iraq and Kuwait all shifted their benchmark pricing for U.S. exports from WTI to the Argus Sour Crude Index. Low This article has been rated as Low-importance on the . Global energy and commodity price reporting agency Argus has introduced daily assessments for heavy sour Oriente and Napo crude grades from Ecuador. Saudi Aramco has used WTI crude prices published by McGraw Hill's Platts as the benchmark for crude sales to the US since 1994. Argus Sour Crude Index vs WTI Diff Spread Trade Month Swa Futures: NYMEX:36\K25: NYMEX: Future: 02/5/2025 Price Change % Change Price Traded Last Trade : 0.00: 0.0%: 0-Bid Price Offer Price High Price Low Price Open Price; Last Trade Time Trade Type Trade Size Trade Price Currency Last Trading Date-0: USD: The daily ASCI price is . "Argus creates volume-weighted averages of the entire day's physical market trading to create the ASCI," says Adrian Binks, Argus Media's chairman and chief executive. The Argus Sour Crude Index is a crude oil index published by Argus media. Argus ( s) n 1. The Arab Light OSP to the United States was set at a premium of $2.75 a barrel to the Argus Sour Crude Index (ASCI) for July, down 30 cents a barrel from the previous month. . The Argus Sour Crude Index (ASCI) is a pricing tool used by buyers, sellers and traders of imported crude oil for use in long-term contracts.. It is a pricing tool used by buyers, sellers and traders of imported crude oil. Become a member for free Current quotes, charts, news, historical data, and analysis for ARGUS SOUR CRUDE INDEX WTI DIFF CAL SPRD JULY 2025 (Q38.N25) Future The Saudis ditched WTI as a benchmark along with Kuwait back in 2009 for the heavier Argus Sour Crude Index (ASCI), based on the medium sour crude from the Gulf of Mexico. Aramco also set the January OSP of its Arab light crude oil to the United States at plus $0.55 a barrel over ASCI (Argus Sour Crude Index), down $0.30 a barrel from December, according to the . Argus Sour Crude Index (ASCI) vs. WTI Diff Spread Calendar MonJth Swap Futures futures price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. Europe; and the Argus Sour Crude Index (ASCI) for pricing its crude to the US. Causality patterns are analysed for daily Brent, West Texas Intermediate (WTI), and Argus Sour Crude Index (Argus) oil prices, Argus is the reference price for exports from Saudi Arabia, Kuwait and. The $2.30-a-barrel discount to the Oman/Dubai average is . The daily sour index was developed by the London-based, pricing-company Argus. "The company set the Arab Light OSP to Northwestern Europe at minus $1.30 per barrel versus ICE Brent and to the United States at plus $2.15 per barrel over ASCI (Argus Sour Crude Index . Iraq followed suit about a year later. Quotes. Oil Company stopped using it to price oil deliveries in January 2010, and Aramco started pricing deliveries with the Argus Sour Crude Index, which is based on three grades of crude oil from . For the latest headlines, follow our Google News channel online or via the app. The WTI price measure has dominated North American oil trading - and . That's why Argus Media in London recently began issuing its new Argus Sour Crude Index (ASCI). West African producers such as Nigeria use Brent in their pricing formula. The Argus Sour Crude Index (ASCI) is another benchmark that has become increasingly important. State oil firm Saudi Aramco cut the March official selling price (OSP) for its Arab Light crude to Asia by 90 cents a barrel from February. For buyers in West Europe, the Arab Light price differential was set at $2.70 per barrel versus the ICE Brent in October . The Argus Sour Crude Index, introduced in the spring of 2009, measures medium-sour values and is a volume-weighted, daily spot-transaction average of three US Gulf Coast crudes: Mars, Poseidon and Southern Green Canyon. The world's biggest oil producer set the Arab Light official selling price (OSP) to the United States at plus $1.75 per barrel over Argus Sour Crude Index, and to Northwestern Europe at a discount of 30 cents a barrel over ICE Brent. Buyers in the U.S. also saw a rise of $0.50 a barrel for Arab Light crude, taking the premium to $6.15 a barrel for September compared to the Argus Sour Crude Index. . View live ARGUS SOUR CRUDE INDEX (ASCI) VS. WTI DIFF SPREAD TRADE MONTH FUTURES (OCT 2025) chart to track latest price changes. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks. (Classical Myth & Legend) Greek myth a giant with a hundred eyes who was made guardian of the heifer Io. Also on rt.com OPEC and allies reject Biden plea to open up oil taps to cool down prices State oil giant Saudi Aramco has raised the July price for its Arab light crude to Asia to plus . Argus Media launched its ASCI in May to represent the daily value of U.S. Gulf Coast medium-sour crude based on physical spot market transactions. But it held the premium steady for barrels going to the United States at $5.65 above the Argus Sour Crude Index (ASCI). The OSP of Arab Light to Europe is +2.7$/bbl to Brent and to US is +$6.15 to Argus Sour Crude Index Market adoption; External links; References; The ASCI methodology [1] creates a single daily volume-weighted average price index of aggregate deals done for three component crude grades as if they were one grade of crude oil. The Argus Sour Crude Index ( ASCI) is a pricing tool used by buyers, sellers and traders of imported crude oil for use in long-term contracts. Learn more. View live ARGUS SOUR CRUDE INDEX (ASCI) VS. WTI DIFF SPREAD CALENDAR MONTH FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) chart to track latest price changes. The Argus Sour Crude Index (ASCI) is a pricing tool used by buyers, sellers and traders of imported crude oil for use in long-term contracts.. In this edition of The Crude Report, Michael Carolan and James Gooder explain why this new index has arisen and how it works. Sign up. Argus Sour Crude Index vs WTI Diff Spread Calendar Month Swap Futures: 38\Z24: NYMEX: Future: 08/1/2025 Price Change Price Change % Future Price Last Trade ; 0.00: 0.0%-Open Price Low Price High Price Close Price Previous Close; Trades Futures Traded Average Volume Last Trading Date; 0: -31/12/2024: Last Trade Type Quantity Oil & Gas Saudi Aramco Saudi Arabia Oman/Dubai ice brent: Brent crude Reuters. It became a major benchmark when it was adopted (in 2009) . Market Specifications Trading Screen Product Name The ASCI methodology [1] creates a single daily volume-weighted average price index of aggregate deals done for three component crude grades as if they were one grade of crude oil. The price of the Arab Light benchmark sold in the United States in June was unchanged from the previous month, at $5.65 per barrel above the Argus Sour Crude Index (ASCI). The prices were launched on 18 April after the . But such information is not sufficient to value a cargo, and the sales contract should specify which prices within the benchmark complex (futures Brent, Saudi Aramco announced its August official selling price (OSP) to North America for its flagship Arab Light crude at $5.65 per barrel above the Argus Sour Crude Index (ASCI). A monthly cash settled differential future based on the Argus daily assessment price for Sour Crude Index (ASCI) Diff Trade-Month Future. Saudi Aramco's storage terminals. Argus Sour Crude IndexTM(ASCITM) Argus White Paper argusmedia.com 2 The ASCI price calculation A separate document describes the ASCI methodology in detail, and is available at www.argusmedia.com/methodology.