The Argus WTI Houston price, launched three years ago, is already the benchmark for much of the light sweet crude traded across North American pipeline networks. The new Argus WTI fob Houston price now adds transparency to the waterborne market.
A new physical price assessment for the fast-growing US crude export market was launched on 4 September. Global energy and commodity price reporting agency Argus is publishing a price for waterborne US crude exports – Argus WTI fob Houston – that bridges the gap between the US domestic pipeline market and international shipments to five continents.
The Argus WTI Houston price, launched three years ago, is already the benchmark for much of the light sweet crude traded across North American pipeline networks. The new Argus WTI fob Houston price now adds transparency to the waterborne market.
