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Originally presented: September 16, 2105
Understanding LLS crude: the rise of a financial and physical benchmark
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Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
ARGUS, the ARGUS logo, ARGUS MEDIA, ARGUS DIRECT, ARGUS OPEN MARKETS, AOM, FMB, DEWITT, JIM JORDAN & ASSOCIATES, JJ&A, FUNDALYTICS, METAL-PAGES, METALPRICES.COM, Argus publication titles and Argus index names are trademarks of Argus Media Limited.
Crude markets appear to be moving into another phase. Hedging and mitigating risk are becoming more important. Secondary benchmarks like Light Louisiana Sweet (LLS) allow the market to fine tune the broad hedging executed through WTI and Brent. LLS has become a key financial tool for new shale oil production and all Gulf coast light oil. An array of LLS swaps contracts are available on CME and ICE – all indexed to Argus prices. Financial market traders need a better understanding of how this key benchmark works and how Argus assesses the price.
Listen as Argus discusses:
- What is LLS, where does it price and why is it important?
- Argus methodology and formation of the LLS index
- LLS swaps
- Liquidity for LLS on CME and ICE
- The LLS 1.30pm Central time price and how it differs from the all-day index