Simply complete the form and a member of our team will be in touch to discuss how we can help.
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.
After US crude WTI futures collapsed on April 20, 2020 to negative $40 per barrel (/b), the US crude oil market is ready for an alternative to the discredited logistics of Cushing, Oklahoma.
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 American GulfCoast Select 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.
You can find the Platts AGS assessment in Platts Market Data – Oil, as well as in Platts Global Alert, and in market reports, including Platts Crude Oil Marketwire.
You can also view the Platts AGS assessment, updated every trading day, in graph format. Registration is required. It’s free to register and access this content.
The dynamic nature of the oil markets means new opportunities are created all the time. Platts Market Data – Oil helps you keep one step ahead of the competition with data and S&P Global Platts benchmark oil price assessment.
Detailed market information including crude oil price spreads, trade updates, industry officials’ commentary, future settlement process and much more.
Real-time information service that provides you with reports of deals done, latest news and market analysis, price indicators for crude oil and refined products and more than 200 end-of-day price assessments.
In an evolving world, it’s not always easy to spot the opportunities. So it helps to have a partner who’s spent 110 years honing their market-leading methodologies. Below you will find resources to learn about Platts AGS. That way, you can choose the way forward with conviction.
Market stress in the spring of 2020 demonstrated the need for a new price reference reflecting the value of high-quality Permian supply at the nexus of the domestic and global market.
Access previous webinars and podcasts to learn more about Platts AGS. Gain insight as our editorial team explains the principles and parameters behind the new crude benchmark. Hear market dynamics and industry pricing updates. If you haven’t taken part in an S&P Global Platts webinar before, they’re a great way to stay up to date with key market issues.
