Platts American GulfCoast Select
The industry has called out for an alternative to the legacy US crude-pricing mechanism of pairing the NYMEX WTI contract with volume-weighted average physical assessments.
When other benchmarks buckle, S&P Global Platts leads with Platts American GulfCoast Select (AGS). Our new crude oil benchmark reflects light sweet crude supplied direct from the Permian Basin loading FOB at Gulf Coast ports including Houston, Corpus Christi, Beaumont, Nederland, Texas City, and Port Arthur with the assessment reflecting the most competitive location on a cargo-size normalized basis.
Platts America GulfCoast benchmark is backed by market-leading methodology to give an objective view. It’s a benchmark that is on the water, internationally connected and free from domestic infrastructure economics – bringing the US market a Brent of its own.
Platts AGS is underpinned by the Platts Market on Close price assessment process, reflecting an end-of-day value, with bids, offers and transactions reflecting prices determined by buyers and sellers in the open markets. Participants in the MOC process are able to submit Platts AGS bids and offers for publication through Platts eWindow.
Latest Oil Events
- Upcoming Webinar: Crude Oil Market Dynamics Webinar: State of the North American Markets
- Date: Thursday, September 17
- Time: 9 am – 10:30 am CST
US crude markets have grappled this year with an unprecedented slump in oil demand, a rapid fall in oil production from key basins and scarcely-believable negative WTI prices at Cushing. Join S&P Global to discuss these tumultuous events, where they have left us and what the future holds. Get updates on the new US crude benchmark, Platts AGS, pricing trends across US markets and the outlook for key supply and demand fundamentals.
- Upcoming Webinar: North American Crude Oil Exports Virtual Summit
- Date: Thursday, October 1, 2020
- Time: 9:00 am - 1:00 pm CDT
Global oversupply, collapsed demand, historic price lows, escalating investor scrutiny around E&P company capital discipline and climate impacts, as well as geopolitical turbulence and potential election outcomes have created existential challenges for oil executives as they attempt to reignite operations, reboot business models, and eventually reemerge post-pandemic.
Watch Webinar Replays
- Webinar Replay: Platts AGS: The New Us Brent and Its Impacts on Global Trade
- Date: August 27, 2020
Why does Platts AGS matter to Asia and the global waterborne market? Tune in to the Platts AGS: The New US Brent and Its Impacts on Global Trade webinar to find out.
- Webinar Replay: Hedging an Evolution: financial markets, crude benchmarks, and forward curves
- Date: August 27, 2020
Bloomberg, BNEF and S&P Global Platts will provide their views on the oil markets ranging from the macro forces shaping the industry, to the details behind this year’s changes and forward looking strategies.
- Webinar Replay: Platts AGS Takes its Cues from Dated Brent
- Date: July 21, 2020
Platts Dated Brent for years has been at the center of global crude pricing. As the underlying crude stream has changed, the assessment has adapted to provide the market its go-to barometer for global light sweet crude value. Platts has applied lessons learned from Dated Brent’s decades-long journey to Platts AGS, the US’ new waterborne benchmark. Receive a complementary look at the evolution of the US benchmark.
- Webinar: WTI @ Houston CMA: Time For A New Crude Benchmark
- Date: May 19, 2020
The US crude markets shook on April 20 and many participants questioned the wisdom of continuing to rely on Cushing prices underpinning contracts for crude oil that don’t physically depend on that location. Join this free webinar to explore these issues in depth.
Find the Platts AGS benchmark in these S&P Global Platts products
Platts Crude Oil Marketwire
Detailed market information including crude oil price spreads, trade updates, industry officials' commentary, future settlement prices, and much more.
Platts Global Alert
Real-time pricing and news for the global oil markets. See reported bids, trades and offers as they happen, price indicators for crude and products, and more than 200 end-of-day assessments.