Crude: ARGUS Mars price assessment

Crude: ARGUS Mars price assessment

The ARGUS Mars price assessment

The Argus Mars price assessment is the pivotal Americas medium sour crude benchmark and is the most actively traded sour crude market in the region. The Argus Mars price assessment is widely used in hedging, term contracts, mark-to-market calculations and in pricing spot deals.


Advantages of the ARGUS Mars price assessment

Mars is a significant component of the Argus Sour Crude Index (ASCI™) price assessment, a volume-weighted average of deals for three US deepwater sour crudes. The ASCI price assessment is the reference price for all term sales of Saudi, Kuwaiti and Iraqi crude to the US. The total volume of trade linked to the ASCI price assessment regularly exceeds 2mn b/d. Learn more about the ASCI price assessment. The expanding significance of Mars has led to a rapidly growing paper market settled against the Argus Mars price assessment and listed on CME.

The Argus Mars price assessment represents spot trade in the US Gulf medium sour crude blend arriving on the Mars pipeline at dedicated storage caverns at Clovelly, Louisiana. The Argus Mars price assessment is a volume-weighted average of all spot Mars deals throughout the trading day on a differential basis to WTI at Cushing. Argus also publishes Mars price assessment along the forward curve, aligned to the Nymex settlement.


Users of the ARGUS Mars price assessment

The Argus Mars crude price assessment is useful for buyers or sellers of domestic medium sour crude on the US Gulf coast and represents one of the key crude streams in the region. The Argus Mars price assessment is a key international price in the Atlantic basin and drives trading throughout North America.

Crude jacks

请求更多信息

我们很高兴为您提供更多的信息。阿格斯为全球市场提供信息及相关服务,在此过程中会有必要与分布于欧洲经济区(EEA)内外的集团公司和服务供应商共享您的个人信息。阿格斯(Argus Media)可能会使用提交的详细信息向您发送与您业务相关且您可能感兴趣的阿格斯产品与服务相关内容。您可以随时取消订阅这些更新。我们将遵循本公司的隐私政策对您的个人信息进行妥善管理。

Required
Please enter your first name
The length cannot exceed 300 characters.
Please enter your last name
The length cannot exceed 300 characters.
Please enter your email
Please fill in a valid email address