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Argus is a leading provider of price assessments, intelligence and market data on a variety of global energy and commodities markets.

Argus is a leading provider of price assessments, intelligence and market data on a variety of global energy and commodities markets.
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Argus is a leading provider of price assessments, intelligence and market data on a variety of global energy and commodities markets.




The China Connection - New petrochemical refineries: Impactful or disruptive?

China's petrochemical refiners are making their presence felt way beyond the country's borders. How will this impact global supply, demand, and trade balances? Will global operating rates be reduced? Textile giants Rongsheng and Hengli have shaken up China's cozy, state-dominated oil market this year with the addition of close to 1mn b/d of new crude distillation capacity and vast, integrated downstream complexes. Petrochemical products, rather than conventional road fuels, are the driving...


The China Connection: IMO 2020 and Zhoushan

What role will China play in the global bunker market in 2020 and beyond? The deadline for IMO 2020 is fast approaching and China is well positioned to emerge as a key player. China is home to six of the world's 10 largest container ports, has the world's second largest refining sector and a wealth of storage and blending capacity at domestic ports. Sammy Six, deputy editor for Argus Marine Fuels, and Jonty Richardson, Argus Consulting, discuss the impact of IMO 2020 and how China is...


The China Connection – Plastics Recycling Challenges

Nearly two years after China's ban on imports of plastic waste, what are the implications for plastic waste trade flows for the rest of the world? China's ban on the imports of plastic waste has had a significant impact across the rest of the world given it's a vital cog in the global market. The impact of the ban was felt instantly particularly for the US and Europe, which were exporting a large percentage of their recycled plastics to China. As recycling efforts are a top concern, what...


The China Connection: The Belt and Road Initiative

A deeper look into China's Belt and Road Initiative (BRI) and how Xi Jinping is positioning it globally, regionally and domestically. The BRI is often seen as a global power move, and while this is the case, it’s not the whole story. In this China Connection podcast episode, Argus Chief Economist David Fyfe and Argus Vice President, China Crude and Products Tom Reed discuss what even smaller countries are finding to be the pros and cons of the BRI.


Coping with disruption: Saudi oil keeps flowing at higher prices

Higher freight rates are exacerbating the price impact of September’s attack on Saudi Arabia’s oil infrastructure and the ensuing disruptions. While the kingdom has managed to stage an impressive recovery in output, ensuring all its customers remain adequately supplied, crude grades flowing from almost every region to Asia-Pacific are still posting record or multi-year high prices relative to their benchmarks. The deteriorating economics for long-haul crude shipments is helping embed...


The China Connection: Xi vs Trump

The US-China trade war has seen more than $600bn of bilateral trade fall victim to tariffs, including crude, LNG, natural gas liquids (NGLs) and other commodities related to manufactured industrial goods. While China just wants the tariffs to be removed, US president Donald Trump wants something much more comprehensive, which means we might be in this for a while. In this first episode of our China Connection miniseries, Argus Chief Economist David Fyfe and Associate Editor Haik Gugarats...


The return of Saudi petrochemical feedstock after curbs and its implications

Most Saudi petrochemical producers announced feedstock curbs of between 15 and 50pc in the immediate aftermath of the mid-September attacks on the country's oil installations. Petrochemical feedstock curbs are easing with a majority of producers announcing a full resumption of ethane to pre-attack levels. Argus Editor Muhamad Fadhil is in Saudi this week and provides an update on the feedstock situation.


Coping with disruption: Saudi supply shock rattles Asian crude oil markets

After a decade of oil supply diversification across Asia, security of crude oil supply is returning with a vengeance. Attacks on Saudi oil infrastructure in mid-September temporarily shut more than half the country’s production, raising supply concerns around what had been considered the world’s most stable source of oil. Refiners across Asia are scrambling to secure cargoes to compensate for potential losses in Saudi volumes, triggering a sharp reaction in the value of these grades that...


From the Economist's Chair: State and Future of Global Energy 2019

Welcome to the first in our blog post/podcast series, "From the Economist's Chair", from David Fyfe, Chief Economist at Argus Media. In this episode, Dr. Rouben Indjikian, lecturer in energy and commodities at Webster University Geneva speaks to David about the state and future of global energy. This podcast was produced by and republished in agreement with Webster University Geneva. [Recorded: 20 June, 2019; published: 12 July, 2019]


From the Economist's Chair: The geopolitics of crude

From the Economist's Chair: The geopolitics of crude - Trade disputes, sanctions and changing trade flows. Geopolitics remain pivotal in influencing crude prices and investor sentiment – to both the upside and downside. Ahead of the Argus Global Crude conference in Geneva, 14-16 October, 2019, Argus chief economist David Fyfe speaks to editor in chief Diane Munro about some of the key factors that are critical in driving the global crude market. [Recorded: 6 August, 2019]


Cushing: The heart of US crude is still beatin’

Crude is rushing past Cushing on its way to the coast, but the traditional price setting center of the US oil industry is likely to maintain its role for years to come. The Nymex futures contract for light sweet crude oil delivering at Cushing is stronger than ever, with more than 2 bn bl of open interest.


West Texas Sour: Teaching an old dog new tricks

Although historically popular with US midcontinent refiners, West Texas Sour (WTS) has had to change with the times and learn new tricks as both a supply gap filler and a blending component. WTS’ new role as a blending component to make West Texas Intermediate (WTI) from lighter Permian production has resuscitated WTS prices.


The US Gulf coast crude network: Opening the floodgates

Booming US crude production and resulting export volumes are drastically changing global crude trade flows. With US Gulf coast crude exports expected to grow well past the current level of 3mn b/d, midstream players are busy building more pipelines to bring crude to the coast.


Western Canadian Select Houston: A heavy crude benchmark emerges

The loss of Venezuelan imports, the stagnation of Mexican production and the diversion of many Mideast grades to Asia has paved the way for Canadian grades — like Western Canadian Select — to take a strong share of the Gulf coast heavy crude market.


Light Louisiana Sweet: Unbecoming a benchmark

Shale production, US crude exports and pipeline shifts have dramatically changed the utility of Light Louisiana Sweet (LLS), which has shifted from bellwether to regional feedstock as new grades increasingly encroach on its territory.


West Texas Light: New crude on the block

Booming US crude production and resulting export volumes are drastically changing the global crude trade flow and market landscape. We explain why and how WTL (West Texas Light) spot trade has blossomed in west Texas as it makes its way toward the US Gulf coast and/or Cushing.