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.

View Agenda & Register

  • 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.

View Agenda & Register


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.

Watch Webinar Replay

  • 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.

Watch Webinar Replay

  • 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.

Watch Webinar Replay

  • 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.

Watch Webinar Replay


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.


Webinar: What’s driving prices in regional crude markets across North America? Join the discussion with Platts oil team.

Ask your sales representative about Platts American GulfCoast Select.

Platts AGS FAQ

Platts AGS Assessment Page

Insight Conversation with Harold Hamm, Executive Chairman of Continental Resources

The Essential Podcast: The Collapse of Cushing — April 20th and the U.S. Oil Market


How did a small town in Oklahoma and a group of inexperienced oil traders nearly sink the U.S. oil market and drive the price of oil to a point where it was cheaper than free?

S&P Global Platts Launches New Benchmark for US Crude: Platts American GulfCoast Select

How do I participate in the Platts Market on Close Assessment process?

Here to Help

The following teams can answer your questions:

Contact the Americas Crude team for questions about Platts AGS methodology. Contact Platts eWindow team for questions about Platts eWindow participation, and to subscribe to Platts AGS, use the form provided.