Changes to US Products Methodology
What has changed?
Put simply, we are eliminating coverage of the illiquid part of the trading day, to provide you with the most reflective, robust assessments of US refined product prices.
Our assessments will now run from 8am* to 2:30pm central; eliminating market coverage during the less liquid hour from 2:30 to 3:30 pm central time.
*NY Harbor will start at 7am central
What does this mean for me?
Confidence in pricing
You can rest easy knowing our passionate team is committed to providing you with the most accurate pricing available. Argus constantly examines trade patterns to ensure that our assessments are the best and most reflective they can be, and we will continue to do so.
Earlier price timing
Eliminating the illiquid part of the day will also allow us to release prices and reports earlier.
Receiving earlier pricing can benefit in work day time for efficiencies in:
· Issuing invoices
· Marking your books
· Knowing your cost of sale earlier
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