Argus Launches Canadian Crude Indexes

    


    
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<p><span class="xn-location">CALGARY</span>, Alberta, <span class="xn-chron">Aug. 19</span> /CNW/ -- (Argus) -- International energy pricing agency Argus today launched daily volume-weighted average price indexes for two leading Canadian crude streams: Western Canadian Select (WCS) and Syncrude (SYN).</p>
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<p>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.</p>
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<p>The final cumulative indexes for crude oil injected in September into the pipeline system at <span class="xn-location">Edmonton</span> for SYN and Hardisty for WCS are:</p>
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    Grade        Price (as differential to WTI)  Volume (b/d)
    SYN                                   +0.01          95,645
    ---                                   -----          ------
    WCS                                  -20.25         105,356
    ---                                  ------         -------


    
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<p>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 <a href="http://www.argusmedia.com/methodology">www.argusmedia.com/methodology</a>.</p>
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<p>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 <span class="xn-person">Lloyd Blend</span> (LLB). These latter assessments will be based on the range of trade and/or market discussion for the given day.</p>
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<p>"We are delighted to have developed these new indexes after detailed consultation with the oil industry," Argus Media chairman and chief executive <span class="xn-person">Adrian Binks</span> 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."</p>
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<p>Argus opened a permanent office in <span class="xn-location">Calgary</span> earlier this year. Argus already publishes daily price assessments for Canadian natural gas and natural gas liquids.</p>
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<p>For further information contact <span class="xn-person">Tammy Tiedt</span> in <span class="xn-location">Houston</span> at [phone] or Seana Lanigan in <span class="xn-location">London</span> on [phone]. Alternatively email <a href="mailto:[email protected]">[email protected]</a>.</p>
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    About Argus Media
    
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<p>Argus is a leading provider of price assessments, business intelligence and market data on the global crude and products, natural gas, coal, electricity, emissions and transportation industries. It is headquartered in <span class="xn-location">London</span> and has offices in <span class="xn-location">Houston</span>, Washington, New York, <span class="xn-location">Portland</span>, <span class="xn-location">Calgary</span>, <span class="xn-location">Johannesburg</span>, Dubai, <span class="xn-location">Singapore</span>, <span class="xn-location">Tokyo</span>, <span class="xn-location">Beijing</span>, Sydney, <span class="xn-location">Moscow</span>, Astana, Kiev, <span class="xn-location">Santiago</span> and other key centres of the energy industry. Argus was founded in 1970 and is a privately held UK-registered company. Learn more at <a href="http://www.argusmedia.com">www.argusmedia.com</a>.</p>
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For further information: Tammy Tiedt, Houston, [phone], or Seana Lanigan, London, [phone], both of Argus Media, [email protected] Web Site: http://www.argusmedia.com http://www.argusonline.com