Full Title: Argus White Paper: Rockies crude trading at Cushing — Increased transparency for US light tight oil
Publisher(s): Argus Media
Publication Date: January 1, 2016
Full Text: Download Resource
In spite of falling US crude output, Argus has continued to identify new opportunities to lend transparency to crude oil values at major trading hubs in the US market. Having introduced a price assessment for WTI Houston in February of 2015, Argus initiated a daily price for Canadian heavy WCS at Houston in early 2016. Now, as infrastructure has developed sufficiently to support spot trade of Rockies and North Dakota crude streams at Cushing, Argus is launching daily volume weighted average price assessments on Niobrara (NIO), White Cliffs (WCC) and Bakken Light Sweet (BLS) at Cushing. These new assessments greatly increase the market’s ability to manage risk around crude markets in both the US midcontinent and the US Gulf coast (see graphic at right).