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Argus launches line space assessment for Colonial pipeline

May 29, 2014

HOUSTON, May 29, 2014 /PRNewswire/ — Global energy and commodity price reporting agency Argus has devised a methodology to assess the value of space on the Colonial oil products pipeline. The Argus Colonial pipeline space assessment is designed to provide associated parties with an additional layer of transparency regarding the market value of line space along the pipeline. The assessment is published daily in Argus US Products.

US downstream markets are experiencing greater levels of price volatility and continuing capacity restraints for securing space on the Colonial pipeline. Parties that buy or sell gasoline and utilize the pipeline for product shipments are vulnerable to these market fluctuations and lack a benchmarking tool to reference in term deals and contracts.

The Argus Colonial pipeline space assessment is of particular interest to companies along the US Gulf coast and Atlantic coast supply chains. It will allow companies to gain cost visibility for products delivered at Colonial-sourced terminals on a market-based contract, accurately validate line space and analyze the arbitrage between the Gulf coast and Atlantic coast regions.

“Our clients have expressed the need to evaluate the cost of spot pipeline space in the US and we are delighted to offer greater transparency to the nation’s busiest products pipeline,” Argus Media chairman and chief executive Adrian Binks said. “With the launch of our new assessment we hope to provide much needed transparency.”

Argus’ clean products pricing methodology has been widely accepted by the industry as being the most representative. Argus prices are used in long-term contracts, downstream pricing, transfer pricing, spot sales, and increasingly in the US Gulf coast gasoline and diesel export markets. Argus Colonial pipeline diesel and gasoline price assessments are used as clearing indexes for CME-listed swaps.

Argus clean products assessments are available in Argus US Products. Argus uses a market-appropriate methodology based on every spot trade available over the entire trading day. Prices are represented as the low and high, and volume-weighted average of deals transacted, and are indexed to the CME Nymex settlement price.

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Media contacts:

London
Seana Lanigan
+44 20 7780 4272
seana.lanigan@argusmedia.com

Houston
Gabriela Alcocer
+ 1 713 968 0000
gabriela.alcocer@argusmedia.com

Singapore
Jim Nicholson
+65 6496 9960
singcom@argusmedia.com

About Argus Media
Argus is an independent media organization with over 600 full time staff. It is headquartered in London and has offices in each of the world’s principal commodity centers. Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyze market and industry trends.

More than half of Argus employees are commodity journalists who specialize in reporting news and price information relating to physical energy and related commodity markets. They operate according to a rigorous Editorial Code of Conduct and a compliance and ethics policy that align with best journalistic practice, including the avoidance of conflicts of interest.

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, bioenergy, fertilizer, petrochemical, metals and transportation industries. Data provided by Argus are widely used for indexation of physical trade. Companies, governments and international agencies use Argus information for analysis and planning purposes.

Argus has 19 offices globally, including London, Houston, Washington, New York, Calgary, Rio de Janeiro, Singapore, Dubai, Beijing, Tokyo, Sydney, Moscow, Astana and other key centers of the commodity industries. Argus was founded in 1970 and is a privately held UK-registered company.

ARGUS, ARGUS MEDIA, the ARGUS logo, DEWITT, FMB, FUNDALYTICS, ARGUS publication titles and ARGUS index names are trademarks of Argus Media Limited.

SOURCE Argus Media


Source: PR Newswire



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