Argus WTI crude prices along the value chainDiscover which price works best for your business

For more information, visit argusmedia.com/crude-oil

WTI Midland

WTI Houston

WTI fob Houston

Primary land colour

Secondary land colour

Blue highlight colour

Grey land colour

Crude pipeline

Gas/products pipeline

Planned pipeline

Terminal

Train

Air field

Onshore rig/producing field

Country

City

Storage

Processing facilityRail tanker

Gas processing plant

Processing facility

LPG terminal

LNG terminal

Oil rig

Bridge

Gas field

Oil field

WTI cfr

WTI cif Rotterdam

Inland US: WTI Midland

US Gulf coast: WTI Houston

Waterborne: WTI fob Houston

Delivered: WTI cif Rotterdam

Ningbo, China Port: WTI cfr

• Key price for WTI near the wellhead

• Key price for US domestic WTI at the shore • A major refining center

• WTI free-on-board price in Houston port area

• Delivered Northwest Europe price for WTI

• Delivered China price for WTI

How Argus assesses the price • Volume weighted average • Volume weighted average • Midpoint price assessment • Midpoint price assessment • Midpoint price assessment + freight

Benefits • Accurate reflection of Permian shale basin quality crude oil

• Reflects coastal value• Very liquid and transparent• Major storage hub• Extensive logistics• Hedgable

• International waterborne price• Meeting point between US

domestic suppliers and international buyers

• Reflects value of WTI traded in Rotterdam

• Used in calculation of New North Sea Dated

• Price for purchasing on shore at Ningbo, China

Price assessment uses • Swaps• Physical contracts• Internal transfer price

• Swaps• Physical contracts• Internal transfer price

• Physical contracts• Internal transfer price• Mark-to-market

• Physical contracts• Internal transfer price• Mark-to-market

• Physical contracts• Internal transfer price• Mark-to-market

Daily price assessment available in

• Argus Crude• Argus Americas Crude

• Argus Crude• Argus Americas Crude

• Argus Crude• Argus Americas Crude

• Argus Crude • Argus Crude

Price assessment names and codes for contracts

• PA0003358 WTI Midland weighted average month

• PA0016059 WTI Houston weighted average month

• PA0024937 WTI fob Houston

• PA0025158 WTI cif Rotterdam

• PA0019446 WTI Houston cfr China month

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illuminating the markets

WTI cfr