ARGUS Russian Netbacks
The Argus Russian Netbacks service is a daily summary in Russian of netbacks for crude, oil products, LPG, chemicals and base oils.
In addition to crude netbacks, we also include netbacks for gasoline, naphtha, diesel, jet fuel, vacuum gasoil, fuel oil, liquefied petroleum gas (LPG), benzene and methanol, as well as for SN 150 and SN 500 base oils.
Argus Key Netbacks — The summary provides netbacks that ensure the highest margins on a specific date, for each product shipped from major production facilities to export destinations.
Argus calculates netbacks based on the exporter’s key costs. The calculations use market assessments of crude and oil products transportation and transshipment to export destinations for standard cargoes that meet the requirements of Argus’ methodologies
Russia is the largest exporter of crude and oil products, so domestic pricing is often based on parity with prices in the alternative external market for crude and oil products. Such netback methodology is used in trade and state regulations in the oil products markets of many countries.
- The publication features netbacks for a wide range of oil products, including niche oil products such as base oils and petrochemicals
- Netbacks for LPG
- Detailed netbacks have been published in Argus Key Netbacks since 2012
- Fuel oil
- Jet and kerosine
- Petrochemicals: Methanol and benzene
- LPG: Propane and propane-butane mix
- Base oils
- Fob/daf prices
- Full transportation and transshipment costs for crude and oil products for various export destinations, including lease of rolling stock
- Netbacks that ensure the highest margins on a specific date
- Taxes on oil products trade in Russia
Customers that benefit
The Argus Russian Netbacks service has detailed calculations of export netbacks for all key Russian producers on major routes. Below are examples of how some clients use this service:
- Oil companies, producers and refiners use the information contained in the report to analyse the profitability of exports, choose the best export destinations and substantiate their prices before state regulators.
- Traders use the information to research the market and choose the best export destinations.
- Analysts, consultants and banks use the data to analyse the market environment and produce forecasts.
- Government authorities use the information to regulate prices for crude and oil products for taxation purposes.
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