Argus is a leading provider of data on prices and fundamentals, news, analysis, consultancy services and conferences for the global crude, oil products, LPG, natural gas, electricity, coal, emissions, bioenergy, fertilizer, petrochemical, metals and transportation industries. Data provided by Argus are widely used for indexation of physical trade. Companies, governments and international agencies use Argus information for analysis and planning purposes.
Argus is an independent media organisation with more than 600 full time staff. It is headquartered in London and has offices in each of the world’s principal commodity centres. Its main activities comprise publishing market reports containing price assessments, market commentary and news, and business intelligence reports that analyse market and industry trends.
More than half of Argus employees are commodity journalists who specialise in reporting news and price information relating to physical energy and related commodity markets. They operate according to a rigorous Editorial Code of Conduct and a Compliance and Ethics Policy that align with best journalistic practice, including the avoidance of conflicts of interest.
Argus has 19 offices globally, including London, Houston, Washington, New York, Calgary, Rio de Janeiro, Singapore, Dubai, Beijing, Tokyo, Sydney, Moscow, Astana and other key centres of the commodity industries. Argus was founded in 1970 and is a privately held UK-registered company.
Argus prices are used extensively by energy companies, governments, banks, regulators and other organisations as benchmarks for derivatives and as indexes in physical contracts.
They are used as reference prices in physical supply and derivative contracts, for mark-to-market purposes, as an indication of value for tax assessment, for risk management and for strategic analysis and planning.
In every market that Argus covers – crude, petroleum products, natural gas and LNG, petrochemicals, electricity, biomass, biofuels, fertilizers and coal – Argus prices are used in these ways.
They are accepted as accurate and reliable indicators of the real value of energy.
Argus uses a market appropriate methodology to assess prices in the markets it covers. Argus consults with the range of participants involved in different markets and publishes methodologies for each price report on its website.
Argus was the first company to publish a daily report on the emerging spot oil markets. The original daily report was called the Argus Telex and covered crude and petroleum products.
The Argus International LPG report was launched, filling an important gap in daily market information for liquefied petroleum gas. This quickly became the source of a number of key benchmarks which are used as references in spot and term physical as well as derivative contracts.
Saudi Aramco announced that they would switch to the Argus Sour Crude IndexTM(ASCITM) benchmark for exports into the US.
Argus was the first price reporting agency to complete and publish an independent review of its oil price assessments that are used by the industry as benchmarks. The review was conducted by professional services firm PwC and is required annually by international regulators under the IOSCO Principles for Oil Price Reporting Agencies.
These are a few highlights. Please find full history list on our website: http://www.argusmedia.com/About-Argus/History