How US markets work
What is the Argus WTI Diff to Argus CMA Nymex?
In the US crude markets, a key bridge from futures to physical pricing is provided by the Argus WTI Differential to Calendar Month Average (Diff to CMA) Nymex.
Understanding how this price is set and how it can be used is important to structure deals for US export crude, especially if the buyer does not want to end up with a physical position at Cushing.
Argus US Gulf coast crude markers for Asia-Pacific
The high volume of trade and transparency in the US Gulf coast physical crude market provide robust price markers for US crude exports to Asia-Pacific. When these prices are adjusted for 4:30pm Singapore time, they can provide helpful insights on the price of physical US grades relative to Mideast Gulf, Russian and west African alternatives.
This white paper explains these US markers.
Contact us for any further queries or questions or call your local office here.