About Platts AGS
Platts American GulfCoast Select
The industry has called out for an alternative to the legacy US crude-pricing mechanism of
the NYMEX WTI contract with volume-weighted average physical assessments.
After US crude WTI futures collapsed on April 20, 2021 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
benchmark reflects light sweet crude supplied direct from the Permian Basin loading FOB at Gulf Coast ports
Houston, Corpus Christi, Beaumont, Nederland, Texas City, and Port Arthur with the assessment reflecting the
competitive location on a cargo-size normalized basis.